Teamsters Says Costco Fleet Drivers Overwhelmingly Authorize Strike; Strike Vote Follows Suspension Of Negotiations Covering Over 18,000 Workers
Portfolio Pulse from Benzinga Newsdesk
Costco fleet drivers, represented by the Teamsters, have overwhelmingly authorized a strike following a suspension of negotiations affecting over 18,000 workers.
August 27, 2024 | 8:24 pm
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Costco faces potential operational disruptions as its fleet drivers, represented by the Teamsters, have authorized a strike. This follows a breakdown in negotiations affecting over 18,000 workers.
The authorization of a strike by Costco's fleet drivers could lead to operational disruptions, affecting Costco's supply chain and potentially impacting its stock price negatively in the short term. The large number of workers involved (over 18,000) and the suspension of negotiations highlight the seriousness of the situation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90