Costco Negotiations Stalled: Teamsters Demand Fair Contract Agreement

Costco-Union Negotiations Face Impasse as Deadline Nears

In a surprising turn of events, Costco has halted its negotiations with the Teamsters, as the deadline for the existing contract looms closer. This move has raised concerns about the company's commitment to reaching a fair resolution that balances its financial success with the welfare of its employees.

"Our national negotiating committee is fully committed to securing an agreement with Costco, but the company has shown little interest in working constructively to reach a fair deal," stated Sean M O’Brien, the General President of the Teamsters. He emphasized the urgency of the situation, noting that "in the middle of a workday, Costco walked away from the bargaining table."

Costco's financial performance has been impressive, with the company reporting net profits of $7.4 billion in 2024, a significant increase from previous years. However, despite these robust earnings, the company's response to the Teamsters' economic proposals has been disappointing, failing to include improved retirement benefits.

Tom Erickson, Director of the Teamsters Warehouse Division, criticized Costco's approach, saying, "The games Costco is playing at the bargaining table are reckless and shortsighted." He stressed the need for genuine efforts in negotiation as the contract expiration date, January 31, draws near.

The Teamsters, representing over 18,000 workers across the nation, have made it clear that their demands are grounded in fairness and recognition of their contributions to Costco's achievements. With the potential for a strike on the horizon, the union urges the company to engage sincerely in the negotiation process.

John Robledo, a shop steward for Local 572 and a Costco employee, remarked, "Nothing we're asking for is unreasonable. We simply want what we've earned. A strike is not our goal, but Costco is playing a dangerous game by refusing to negotiate in good faith."

Despite the recent disruptions, the Teamsters remain hopeful as talks are set to resume, though they acknowledge that Costco's current offer is still far from meeting their expectations.

The International Brotherhood of Teamsters has a long history of advocating for workers' rights since its founding in 1903. For more updates, visit Teamster.org, or follow them on Twitter @Teamsters and on Facebook.