A potential strike at 56 Costco stores across six states has been avoided as negotiators for the Teamsters union and the company reached a tentative agreement. The deal, which addresses issues such as wages, benefits, seniority pay, and paid leave, must still be ratified by union members before going into effect. The strike would have been the largest ever at an American retail chain. While Costco’s unionized workers make up a small percentage of its employees, a strike by that many workers would have had significant implications for the sector. Costco has a reputation for providing good pay and benefits compared to other retailers and recently announced a pay raise for non-union employees. The Teamsters have cited Costco’s strong financial results as a reason for an improved wage and benefits package. The union has previously staged a strike at Amazon, which does not recognize the union as representing its workers. The situation at Costco is still evolving, and the story will be updated as needed.
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