Costco, Union Reach Tentative Deal, Averting Strike (1)

The union representing Costco Wholesale Corp. workers reached a new tentative agreement with the retailer, avoiding for now a strike by thousands of employees.

The contract between the retailer and Costco Teamsters, which represents less than 10% of the company’s roughly 219,000 employees in the US, had been set to expire late Friday.

The union’s negotiating committee “reached a tentative agreement for a new contract” with additional details to be shared soon, the Teamsters said in a post on X early Saturday.

The tentative deal will be presented to the membership for a vote, the Teamsters negotiating committee added. ...