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00:02A union representing 18,000 Costco employees nationwide has authorized a strike,
00:07signaling a potential work stoppage if negotiations fail.
00:11The current contract between Costco and Teamster's union expires on January 31st,
00:16and 85% of union members voted in favor of the strike action.
00:20The union accuses Costco of rejecting proposals and offering counter-proposals
00:25they describe as insulting, lacking retirement benefit enhancements,
00:29and failing to reflect the company's financial success.
00:32Costco is known for positive worker treatment and diversity initiatives.
00:36Costco has not yet commented on the matter.
00:39For all things money, visit Benzinga.com.
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