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What will be the resolution of the Costco strike by March 31, 2025?
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Resolution / Starting Odds
Strike resolved with wage increase • 25%
Strike resolved with no wage increase • 25%
Strike ongoing • 25%
Strike resolved with other concessions • 25%
Official announcements from Costco or the Teamsters union
Story
18,000 Costco Workers Authorize Strike for Feb. 1 Amid Contract Deadline
Jan 20, 2025, 04:13 PM
More than 18,000 Costco Wholesale Corp. employees, represented by the Teamsters union, have voted to authorize a nationwide strike, with over 85% of members in favor. The vote comes as the current contract, set to expire on Jan. 31, enters its final week of negotiations. The union accuses Costco of failing to offer a fair contract that reflects the company's record-breaking profits, which have increased by 135% since 2018, reaching $7.4 billion in net profits on $254 billion in annual revenue. If no agreement is reached, the strike is scheduled to begin on Feb. 1 at warehouses in five states. The Teamsters are demanding better wages and benefits, citing Costco's recent financial success as a basis for their demands.
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Strike authorized to begin • 25%
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Strike continues beyond April 30, 2025 • 25%