{"id":3399,"date":"2025-02-01T20:54:40","date_gmt":"2025-02-01T20:54:40","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/costco-teamsters-reach-tentative-contract-agreement-and-avoid-a-strike\/"},"modified":"2025-02-01T20:54:40","modified_gmt":"2025-02-01T20:54:40","slug":"costco-teamsters-reach-tentative-contract-agreement-and-avoid-a-strike","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/costco-teamsters-reach-tentative-contract-agreement-and-avoid-a-strike\/","title":{"rendered":"Costco, Teamsters reach tentative contract agreement and avoid a strike"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"article-0\">\n<section class=\"content__body\">\n<p><a href=\"https:\/\/www.cbsnews.com\/tag\/costco\/\" target=\"_blank\" rel=\"nofollow\" data-invalid-url-rewritten-http=\"\">Costco<\/a> and the Teamsters union have reached a tentative agreement on a new contract, <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/costco-workers-strike\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">avoiding a strike<\/a><\/span>, the union said Saturday.<\/p>\n<p>Teamsters spokesman Matthew McQuaid confirmed the agreement, which will have to be approved by members. Details of the agreement weren&#8217;t immediately available. The Associated Press left a message seeking comment with Costco.<\/p>\n<p>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.<\/p>\n<p>On Jan. 20, Teamsters members at Costco voted overwhelmingly in favor of a strike if a new three-year contract agreement wasn&#8217;t reached by midnight Friday when the current contract expired.<\/p>\n<p>Union members wanted the Issaquah, Washington, company to make a contract offer that reflected its sales and profit growth. Costco&#8217;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.<\/p>\n<p>&#8220;Costco Teamsters deserve an industry-leading contract that reflects the company&#8217;s massive profits. If Costco thinks they can exploit our members while raking in billions, we&#8217;ll shut them down,&#8221; Teamsters General President Sean O&#8217;Brien said in a statement.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p><!-- tags --><\/section>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/costco-teamsters-tentative-contract-avoid-strike\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Costco and the Teamsters union have reached a tentative agreement on a new contract, avoiding a strike, the union said<\/p>\n","protected":false},"author":1,"featured_media":3400,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[1349,815],"class_list":["post-3399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-costco","tag-labor-union"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Costco, Teamsters reach tentative contract agreement and avoid a strike - World News<\/title>\n<meta name=\"description\" content=\"Details of the agreement between Costco and the Teamsters union weren&amp;#039;t 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