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By Michael Sainato
Source: The Guardian

A strike that would have seen some 18,000 workers at Costco around the US walk off the job at midnight was averted on Saturday, with the Teamsters union reaching a tentative agreement just before the deadline.

Full terms of the deal have not yet been disclosed publicly.

Teamsters members employed by the retailer voted overwhelmingly to authorize a walkout last month while negotiations over a new contract stalled. Citing Costco’s surging profits, which hit $7.4bn last year, the union has called for significant wage increases and improvements to benefits.

“From day one, we’ve told Costco that our members won’t work a day past January 31 without a historic, industry-leading agreement,” said the Teamsters general president, Sean O’Brien, in a statement.

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