Costco Teamsters have approved a new three-year contract that includes a 9 percent wage increase over the term of the agreement.
The annual pay increases over the three years of the contract will bring the hourly wage rate for clerks to $22.87. Additionally, clerks will receive bonuses of $3,750 to $4,000 every six months. Changes in seniority rights and to grievance and disciplinary procedures are also included in the contract.
The agreement covers Costco workers at 55 locations in California, New York, Maryland and Virginia. Teamsters at Costco are part of the Teamsters Warehouse Division.