Summary
Over 18,000 unionized Costco employees, represented by the Teamsters, voted overwhelmingly to authorize a nationwide strike if a new contract is not reached by January 31.
Workers demand “fair wages and benefits,” citing Costco’s $254 billion in annual revenue and a 135% profit increase since 2018.
Practice pickets have already begun nationwide.
Union leaders warn that failure to reach a “historic, industry-leading agreement” could result in a strike, with workers emphasizing their role as the “backbone” of the company’s success.
A So, their annual profits are almost the same amount as the total of their annual membership fees. That means that, essentially, Costco sells everything at cost + operating expenses. I respect the hell out of thst.
That being said, if the teamsters strike, I won’t cross the pocket line.