Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Business

Costco and Teamsters reach tentative contract agreement, avoid strike

by admin February 3, 2025
February 3, 2025
Costco and Teamsters reach tentative contract agreement, avoid strike

Costco and the Teamsters union have reached a tentative agreement on a new contract, avoiding a strike, the union said Saturday.

Teamsters spokesman Matthew McQuaid confirmed the agreement, which will have to be approved by members. Details of the agreement weren’t immediately available. The Associated Press left a message seeking comment with Costco.

The Teamsters union represents 18,000 Costco workers in six states: California, Washington, Maryland, Virginia, New Jersey and New York. Overall, Costco has 219,000 U.S. employees and 617 U.S. stores. The company said its labor agreement with the Teamsters applies to less than 10% of those stores.

On Jan. 20, Teamsters members at Costco voted overwhelmingly in favor of a strike if a new three-year contract agreement wasn’t reached by midnight Friday, when the current contract expired.

Union members wanted the Issaquah, Washington, company to make a contract offer that reflects its sales and profit growth. Costco’s revenue rose 5% to $254 billion in its most recent fiscal year, which ended Sept. 1. The company reported net income of $7.36 billion, double its profit in 2019.

“Costco Teamsters deserve an industry-leading contract that reflects the company’s massive profits. If Costco thinks they can exploit our members while raking in billions, we’ll shut them down,” Teamsters General President Sean O’Brien said in a statement.

This post appeared first on NBC NEWS

next post
Super Bowl ads beckon up to $8 million apiece for Fox

Related Posts

Pfizer CEO says tariff uncertainty is deterring further...

May 1, 2025

RTX, GE Aerospace expect more than $1 billion...

April 23, 2025

Shein and Temu see U.S. demand plunge as...

June 6, 2025

Flagging sales and Elon Musk’s political activities are...

March 17, 2025

Bitcoin is just another tech stock, not a...

March 25, 2025

U.S. online stores put ‘out of stock’ signs...

June 12, 2025

Meta’s head of AI research announces departure

April 2, 2025

Alphabet beats earnings expectations, raises spending forecast

July 25, 2025

Trump clears Nippon merger with U.S. Steel

May 25, 2025

Google makes first foray into fusion in venture...

July 2, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      August 2, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 2, 2025
    • Element79 Gold Corp Announces Execution of Definitive Agreement to Acquire Gold Mountain Project in Nevada

      August 2, 2025
    • Anglo American’s Losses Widen with Diamond Slump, Trade Tensions Mounting

      August 2, 2025
    • Zinc Price Update: H1 2025 in Review

      August 2, 2025
    • Eric Sprott Announces Securities of Summa Silver Corp.

      August 2, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved