Costco Workers Authorize Nationwide Strike
Thousands Vote to Authorize Strike
Thousands of Costco workers nationwide voted Sunday to authorize a strike if a contract is not reached by the end of the month.
Reasons for Authorization
The authorization was approved by an 85% margin due to Costco’s “failure to bargain constructively and refusal to present a fair contract offer that reflects the company’s record-breaking profits,” the International Brotherhood of Teamsters stated.
Current Agreement Expiring
The current agreement, which covers more than 18,000 Costco workers, expires on January 31.
Union President’s Statement
“Our members have spoken loud and clear — Costco must deliver a fair contract, or they’ll be held accountable,” Teamsters General President Sean M. O’Brien said. “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.”
Costco’s Financial Performance
The Teamsters state that Costco posted a 135% increase in net profits since 2018 but has refused to meet its demands for “fair wages and benefits.”
Strike Authorization Vote
Strike authorization votes are often used as a negotiation tactic by unions and does not mean there will be a strike.
Costco’s Response
Costco has not issued a statement regarding the vote authorization.
Conclusion
The authorization of a strike by Costco workers sends a clear message to the company: it’s time to negotiate a fair contract. With the current agreement set to expire at the end of the month, the ball is now in Costco’s court. Will they take the necessary steps to avoid a strike, or will their workers be forced to take a stand?
FAQs
Q: What is the reason for the strike authorization?
A: The reason is Costco’s failure to bargain constructively and refusal to present a fair contract offer that reflects the company’s record-breaking profits.
Q: How many workers voted in favor of the strike authorization?
A: The vote was approved by an 85% margin.
Q: Will there definitely be a strike?
A: No, strike authorization votes are often used as a negotiation tactic by unions and does not mean there will be a strike.
Q: What is the current agreement between Costco and its workers?
A: The current agreement covers more than 18,000 Costco workers and expires on January 31.
Q: What is the financial performance of Costco?
A: According to the Teamsters, Costco posted a 135% increase in net profits since 2018.
