February 1, 2025

Retailer Costco Wholesale has announced it will hike hourly pay for most fixed-wage U.S. store workers to more than $30.

Hourly pay for top-tier employees will be increased by the company in a phased approach over the upcoming three years with the pay rising by $1 to $30.20 in the first year.

It will be followed by an additional $1 each in the subsequent two years, Reuters reported, citing a memo sent to the employees.

The pay hike follows Costco’s contract talks with the Teamsters union, which represents over 18,000 Costco workers nationwide and voted to authorize a nationwide strike for improved pay and perks. The final round of talks is ongoing to reach a new contract before the Jan. 31 deadline.

The memo, which was circulating on social media, indicates that entry-level workers will also get a 50-cent rise, bringing their starting wage to $20 per hour, the memo showed.

https://www.ibtimes.com/costco-boosts-hourly-pay-over-30-amid-union-tussle-dei-backlash-3761809

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