Costco teamster workers set to strike this week as company embroiled in DEI controversy
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As Costco finds itself embroiled in a public battle over its controversial DEI policies, a much larger fight is looming with 18,000 store employees set to head to the picket lines if the grocery chain can’t agree to a new contract by Friday."If Costco actually respects its employees, it will give our 18,000 members the wages, benefits and work rules that they have been demanding for months," a Teamsters spokesperson told Fox News Digital. The grocery wholesaler, who has long held a pro-worker image, has been locked in a protracted battle with the Teamsters Union, which represents 18,000 of Costco’s 219,000 U.S. worker base. The Teamsters are accusing the grocery club of not sharing its record $7.4 billion profits with its workers. The Teamsters have accused Costco of engaging in "illegal and reckless behavior" including kicking union reps out of stores, preventing employees from wearing Teamster buttons and changing the locks on union bulletin boards.STATE AGS WARN RETAIL GIANT COSTCO FOR DOUBLING DOWN ON 'DISCRIMINATORY' DEITalks finally broke down in January when Costco refused to reach a card check agreement. Card check is a process that would make it easier for workers to join unions by eliminating secret ballots. Eighty-five percent of Costco's unionized employees voted to authorize a strike. The strike would affect 50 stores across the US in New York, New Jersey, Virginia and Washington. As the Costco board voted overwhelmingly to reject an anti-DEI measure brought by activist investors at their shareholders meeting last Friday, workers rallied just outside their Washington offices – signaling the real fight was yet to come."Costco has two choices: respect the workers who made them a success or face a national strike. Costco Teamsters deserve an industry-leading contract that reflects the company’s massive profits. If Costco thinks they can exploit our members while raking in billions, we’ll shut them down," Teamsters President Sean O’brien said in a statement.WHY AN ACTIVIST INVESTOR SAYS THE BATTLE AGAINST COSTCO DEI REGIME ISN’T OVER"What I can tell you is our contract with this company expires at midnight on Friday, and the reason Costco has made so much money over the past few years is its workers," the Teamsters spokesperson told Fox News Digital. Costco didn't immediately respond to a request for comment. The potential strike comes as 19 states’ attorneys general called on Costco to drop their DEI policies, writing that the grocery chain must "end all unlawful discrimination imposed by the company through diversity, equity, and inclusion," in a letter sent to Costco CEO Ron Vachris.GET FOX BUSINESS ON THE GO BY CLICKING HEREWhen asked if the Teamsters thought that the wholesaler was picking a public fight about DEI to deflect attention away from its labor dispute, their spokesperson told Fox News Digital "I can’t really speculate as to why Costco makes certain decisions."Weiter zum vollständigen Artikel bei FOX Business
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Nachrichten zu Costco Wholesale Corp.
Analysen zu Costco Wholesale Corp.
Datum | Rating | Analyst | |
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09.04.2019 | Costco Wholesale Outperform | Telsey Advisory Group | |
05.09.2018 | Costco Wholesale Outperform | Telsey Advisory Group | |
07.08.2018 | Costco Wholesale Outperform | Telsey Advisory Group | |
01.06.2018 | Costco Wholesale Outperform | Telsey Advisory Group | |
08.03.2018 | Costco Wholesale Outperform | RBC Capital Markets |
Datum | Rating | Analyst | |
---|---|---|---|
09.04.2019 | Costco Wholesale Outperform | Telsey Advisory Group | |
05.09.2018 | Costco Wholesale Outperform | Telsey Advisory Group | |
07.08.2018 | Costco Wholesale Outperform | Telsey Advisory Group | |
01.06.2018 | Costco Wholesale Outperform | Telsey Advisory Group | |
08.03.2018 | Costco Wholesale Outperform | RBC Capital Markets |
Datum | Rating | Analyst | |
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03.03.2017 | Costco Wholesale Equal Weight | Barclays Capital | |
31.03.2016 | Costco Wholesale Equal Weight | Barclays Capital | |
10.12.2015 | Costco Wholesale Equal Weight | Barclays Capital | |
23.10.2015 | Costco Wholesale Hold | Williams Capital | |
30.09.2015 | Costco Wholesale Hold | Deutsche Bank AG |
Datum | Rating | Analyst | |
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28.09.2006 | Update Costco Wholesale Corp.: Underweight | HSBC Securities |
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