Strike averted at Costco as Teamsters reach a tentative deal

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 ...