Costco Wholesale, Teamsters Ratify Labor Contract for 18,000 Workers
October 21 2022 - 7:35PM
Dow Jones News
By Kathryn Hardison
Costco Wholesale Corp. and the International Brotherhood of
Teamsters have secured a new master agreement for more than 18,000
Costco workers nationwide.
The labor union said Friday that the agreement provides members
with wage improvements over the next three years and an increase in
pension contributions by the employer. The contract also includes
higher semi-annual bonuses and a more flexible attendance policy,
among other workplace improvements, Teamsters said.
The union recorded a 72% vote in favor of the agreement.
The ratified labor agreement follows months of negotiations
after Costco Teamsters rejected the company's initial contract
offer in June by a vote of 93%, the union said.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
October 21, 2022 19:20 ET (23:20 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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