Members of the Teamsters union have authorized a strike against Costco on February 1 unless they reach a deal with the warehouse retailer before the current contract expires on January 31.

Thousand of Costco Teamsters across the U.S. are preparing to strike by the end of the month if the company does not present a "fair contract offer," the union says.

More than 18,000 Costco workers will be walking picket lines in less than two weeks if a labor dispute over wages and benefits is not resolved, according to the Teamsters union. Members voted by an 85% margin to authorize a strike when their current contract expires on Jan. 31, the union announced on Sunday.

Teamsters working for wholesale giant Costco voted to authorize a strike ahead of a Jan. 31 contract expiration, the labor group said in a statement. The contract covers more than 18,000 Costco workers,

Failed to fetch dynamically imported module: https://finance.yahoo.com/assets/_app/immutable/nodes/98.Wk4Dtl5e.js

Tom Erickson, Director of the Teamsters Warehouse Division, cites "greed" and "blatant disregard for the bargaining process" as reasons for the strike.

Costco Teamsters have voted to authorize a strike as a direct result of the company’s continued failure to present a fair contract offer to employees, officials announced on Monday. The strike would impact more than 18,

Costco Teamsters nationwide have voted by an overwhelming 85 percent margin to authorize a strike. The vote is a direct result of the company's continued failure to bargain constructively and refusal to present a fair contract offer that reflects the company's record-breaking profits.