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Costco and Teamsters reach a tentative deal to avert a strike

  • A tentative agreement was reached between Costco and the Teamsters Union, representing 18,000 workers, to avert a strike at 56 stores across six states.
  • The agreement includes discussions on wages, benefits, and other demands, but still requires ratification by union members before taking effect.
  • Teamsters members at Costco make up 8% of its total employees, and a strike would have significantly impacted the non-union retail sector.
  • Costco confirmed plans to raise pay for non-union employees, indicating its commitment to maintaining operations regardless of union actions.
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Jingletree broke the news in on Friday, January 31, 2025.
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