Thousands of Costco workers are preparing to strike as the company and the Teamsters union approached a deadline to reach a new contract agreement

During weeks of talks, workers demanded better benefits and pay to reflect inflation, and Costco maintained its terms were better than those of other retailers.

The Teamsters labor union said on Saturday that its negotiating committee has reached a tentative agreement for a new contract with U.S. retailer Costco Wholesale. "The tentative agreement will be presented to the membership for a vote,