Costco, Teamsters, reach ‘tentative agreement’ likely averting strike as company’s DEI controversy rages on

MT HANNACH
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The imminent threat of 18,000 employees of the Costco store heading towards the picking lines seems less likely, the Teammsters’ labor union announcing on Saturday that it has concluded a line agreement for a new contract with the grocery chain.

Negotiations come In the middle of Costco Society exposed on its policies of diversity, equality and inclusion (DEI) while most companies turn their backs on the controversial initiative.

“The provision agreement will be presented to members for a vote,” the union wrote, which represents 18,000 Costco workers, in an article on X without providing details on the agreement with its negotiation committee.

Costco exterior

Buyers outside a Costco store in Bayonne, New Jersey, United States, Saturday December 9, 2023. Costco Wholesale Corp. should publish winning figures on December 14. Photographer: biting Angus / Bloomberg via Getty Images Images (Biting Angus / Bloomberg via Getty Images / Getty Images)

O’Leary tears Costco for Bucking Dei Trend: “Bad for business”

Reuters, citing a service note sent to employees this week, reports that Costco should increase the remuneration of most of its hourly workers from American stores to more than $ 30.

According to the memo, the company will increase the hourly wage for its high -end employees over the next three years. Remuneration will increase from $ 1 to 30.20 in the first year and an additional $ 1 in the next two years. Employees at the bottom of the scale will also obtain an increase of 50 cents to $ 20.

Costco team members voted massively in favor of a strike on January 20 if a new three -year contract agreement could not be concluded before midnight last night when the current contract expired.

The strike would affect 50 Costco stores in New York, New Jersey, Virginia and Washington. Costco has 617 stores nationwide.

Workers are looking for better wages, benefits and working rules in the middle of the company achieving a record profit of $ 7.4 billion during its most recent financial year, which ended on September 1.

The wholesaler of the grocery storeWho has long held a pro-work-wire image was locked in an prolonged battle with the Teamsters Union, which represents 18,000 of 219,000 US workers from Costco.

Teamsters accuse the grocery club of not sharing its record profits in 2024 – which have doubled since 2019 – with its workers and said that Costco has embarked on “illegal and reckless behavior”, in particular by cutting the Union representatives, preventing employees from carrying out teams teams and modification of locks on the Union babbles.

The talks broke down in January when Costco refused to reach a cards checking agreement. The checks of the cards would allow workers to more easily reach unions by eliminating the secret ballots. About 85% of unionized employees in Costco voted to authorize a strike.

The AGS state warned the retail giant Costco for having doubled on the “discriminatory” Dei

Teamsters president Sean O’Brien recently launched the Gauntlet to Costco leaders.

“Costco has two choices: respecting workers who made it a success or cope with a national strike,” O’Brien said in a statement.

“Costco Teamsters deserves a advanced contract which reflects the massive profits of the company. If Costco thinks that they can exploit our members while ratifying billions, we will close them.

The talks intervene as Costco doubles its dei policies.

While large companies like Target, McDonald’s and Walmart Racking from their dei policies, Costco shareholders voted last week to reject an anti-dei proposal brought by the Group of National Center for Public Policy Research. The measure would have forced the wholesale grocery chain to publish a report on the risks associated with their DEI policies.

Costco on who

The president of O’Leary Ventures, Kevin O’Leary, declared Costco “Nuts” during “The Big Money Show” on Wednesday so as not to abandon Dei arguing that it is bad for business. (Photo of Tayfun Coskun / Anadolu via Getty Images / Photographer: Ting Shen / Bloomberg via Getty Images / Getty Images)

During its annual meeting recently, more than 98% of the shares voted against the proposal.

During his first week in power, President Donald Trump delivered a decree Direct the cessation of discriminatory practices in the federal government and encourage dismissal in the private sector. Following the order, the 19 states general prosecutors urged Costco to turn away from its dei policies.

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The president of O’Leary Ventures, Kevin O’Leary, said Costco “nuts” on Wednesday “The Big Money Show” In order not to abandon Dei arguing that it is bad for business.

“They are crazy if they think I want them to fight on the federal government on politics,” said O’Leary. “I don’t care who has taken this survey when there is no way you get this result today. You are not fighting The Attorney General In several states, you must be out of your mind. “”

Reuters contributed to this report.

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