Costco union representing 18,000 workers authorize nationwide strike
Posted: Jan 20, 2025
- Costco employees represented by Teamsters have voted to authorize a strike if an agreement is not reached before their contract expires on Jan. 31
- 85% of union members approved the strike action
- Union members claim Costco executives are being greedy and have rejected proposals
- Potential strike could impact day-to-day operations and public sentiment around Costco
- Costco did not respond immediately to CNBC’s request for comment.
- Costco union representing 18,000 workers has authorized a nationwide strike if a contract agreement is not met by Jan. 31
- The union, Costco Teamsters, represents more than 18,000 employees across the country
- The union claims Costco's executives are being greedy and have less than two weeks to reach an agreement
- A strike could impact Costco's operations and public perception, given its reputation for treating workers well
- Costco rejected a proposal from the union, which led to the strike authorization vote
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - There is a mix of opinions, with some supporting the strike due to worker conditions and dissatisfaction, while others criticize the unions and question their motives. The overall sentiment leans towards skepticism and negativity against the union's decision to pursue a strike. Summarized comments: - There is a debate about Costco being one of the higher paying retailers with great benefits for workers. - Some believe the union leaders are pushing for a strike over opportunistic reasons rather than real grievances. - 85% of union members voted to strike, showing widespread support for the action. - Sentiments vary with some criticizing unions and others supporting the workers' decision to strike. - Questions raised about what more Costco should provide given its positive history with employee treatment. - Comments highlight skepticism towards union leaders and their motives. - Acknowledgment of broader economic concerns impacting pay. - Some suggest firing Teamsters, indicating disagreement with union actions. Stock tickers discussed: $COST
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