Costco Teamsters vote to authorize strike
Published On Jan 20, 2025, 8:03 AM
The Teamsters union, representing 18,000 Costco employees, has voted overwhelmingly to authorize a strike if a satisfactory contract offer is not made by the end of January. The union's leadership emphasizes the urgency for Costco's management to respond with a fair proposal as the negotiations enter a decisive phase. Practice pickets have already been organized in various locations in anticipation of a potential strike, reflecting growing tensions between employees and management.
Stock Forecasts
COST
Negative
The ongoing conflict over contracts and the potential for a strike are likely to impact Costco's operations and profits. If a strike occurs, it could lead to disruptions in Costco's services and affect investor confidence.
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