Costco rejects union demands as contract deadline looms

Published On Dec 12, 2024, 1:44 PM

Costco has rejected the majority of contract demands from the Teamsters union, turning down 98% of proposed provisions regarding seniority, sick leave, family leave, and protections against surveillance. This has prompted allegations from the union of unfair labor practices and an unwillingness by Costco to negotiate in good faith. The deadline for reaching a new contract is January 31, and tensions are rising as the union indicates potential for a labor dispute if discussions do not progress positively.

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The situation could lead to unrest among workers, which may impact Costco's operations and public perception, potentially causing harm to its stock in the short term due to investor concerns about labor disputes and its effect on operations.

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