Costco Teamsters vote to authorize strike
foxbusiness.comStorch Advisors CEO and former Toys«R»Us and Target executive Gerald Storch reacts to a strong November retail report and explains how industry winners are 'value-based' players.
Eighteen thousand Costco Teamsters are preparing to strike if a «fair contract offer» is not presented by the end of the month.
Eighty-five percent of Costco Teamsters across the U.S. voted in favor of authorizing the strike, according to a Sunday press release. Tensions had been building throughout the week, as Teamsters put up several Costco-related posts on its social media.
«From day one, we’ve told Costco that our members won’t work a day past January 31 without a historic, industry-leading agreement,» Teamsters General President Sean M. O’Brien said in a statement.
«Costco’s greedy executives have less than two weeks to do the right thing. If they refuse, they’ll have no one to blame but themselves when our members go on strike,» O'Brien continued.
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Costco employee helping monitor customers at Self Check-out kiosks in a Florida store. (Lindsey Nicholson/UCG/Universal Images Group / Getty Images)
Teamsters said on X the «final week of negotiations begins on January 20.»
Practice pickets have been held in California, Washington and Long Island «in preparation for a potential strike.»
Hundreds in San Diego are preparing to mobilize a large practice picket by Thursday, Teamsters said.
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Customers lined up at checkout counters in a very busy Costco store in Queens, New York. (Lindsey Nicholson/UCG/Universal Images Group / Getty Images)
Costco's first location opened in 1976 under the Price
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