1srelluc
Diamond Member
Jan 30 (Reuters) - Retailer Costco Wholesale (COST.O), opens new tab will increase pay for most of its hourly U.S. store workers to more than $30, according to a memo sent to employees this week.
The company will increase hourly pay for its top of the scale employees over the next three years, with the pay rising by $1 to $30.20 in the first year and an extra $1 each in the subsequent two years, according to the memo.
The pay hike comes after Costco Teamsters union members said earlier this month that they voted in favor of a nationwide strike as they entered final round of talks to reach a new contract ahead of a Jan. 31 deadline.
That’s awesome if it makes sense for them to do.
But when they become too expensive, people will stop shopping there. Employees are always the biggest expense.
The Costco in my AO has almost no employee turnover. Very tough to get a job there.