The looming threat of 18,000 Costco store employees heading to the picket lines appears less likely, with the Teamsters labor union announcing Saturday that it has reached a tentative agreement for a new contract with the grocery chain.

Costco and the Teamsters union came to a tentative contract agreement, averting a scheduled strike by its 18,000 union members in 56 stores.

Costco and the Teamsters union have reached a tentative agreement on a new contract, avoiding a strike, the union said Saturday.

The Teamsters Union said a strike at 56 Costco membership club stores across six states was averted, one day after the wholesale club announced pay for non-union workers will rise to between $20 and $

Costco and Teamsters union reach tentative agreement, averting potential strike. Negotiations were intense, with demands for better wages and benefits.

U.S.-based membership-only retail chain Costco (COST) has dodged a nationwide strike after Teamsters agreed to a tentative deal. The

Costco Wholesale and the Teamsters union have reached a tentative agreement on a new contract, averting a strike that could have disrupted operations. The