Thousands of costco workers on Friday prepared to strike with midnight deadline, while the workers’ union and the company held talks.
The Teamstors Union represents 18,000 costco workers in six states: California, Washington, Maryland, Virginia, New Jersey and New York.
It is not clear that the strike will close the store. Costco has 219,000 American employees and 617 American stores. The company said that its labor agreement with the teams applies to less than 10% of those shops.
On January 20, members of the teams in CostCo voted heavy in favor of the strike, if a new three -year contract agreement was not signed till midnight on Friday at the end of the current contract.
Association members say that Isaqwa, Washington, the company needs to make a contract proposal that reflects its sales and profit growth. Costco’s revenue increased by 5% to $ 254 billion in its most recent financial year, which ended on 1 September. In 2019, the company reported its profit double, net income of $ 7.36 billion.
“Costco has two options: respect workers who made him successful or faced a national strike,” the team’s general president Sean O’Brien said in a statement. “CostCo Teamstors deserves an industry-comprehensive contract that reflects the company’s massive profits. If the costco feels that they can exploit our members while racking in billions, we will close them. ,
Costco said in a statement that it has been a good relationship with the Sangh for many decades and has been interacting in good faith.
“We have always treated our employees appropriately and well in our company’s history,” Costco said.