Reported about 6 hours ago
Costco and the Teamsters union have reached a tentative agreement on a new contract, preventing a potential strike affecting 18,000 workers across six states. While details of the agreement are not yet disclosed, it must be approved by union members after they previously voted overwhelmingly in favor of a strike due to demands for a contract reflecting the company's substantial profits. Costco reported a significant revenue increase and a doubling of net income since 2019, prompting calls for a more favorable contract from the union.
Source: YAHOO