The Teamsters unions representing 16,000 workers at Costco Wholesale Corp. recommended their members approve a new contract offer from the retailer, a month after urging they reject an earlier proposal due to a long-running disagreement over pension plans.
The new agreement allows Costco employees on a 401(k) pension plan on the East Coast to join the defined benefit pension plan provided to 12,500 Teamsters members in California, the International Brotherhood of Teamsters said Tuesday.
