Costco, Teamsters reach tentative contract agreement, avoiding a strike

Category: Business

Costco and the Teamsters union have reached a tentative agreement on a new contract, avoiding a strike. The agreement, which needs member approval, affects 18,000 workers across six states. Union members demand a contract that reflects Costco's significant profit growth, with the company reporting a revenue increase to $254 billion and a net income of $7.36 billion.

Keywords: Costco, Teamsters, labor agreement

Source: NBC New York

Update At: 2/2/2025

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