Boeing and union leaders reach tentative deal to end strike
- Boeing and union leaders have reached a deal that could end the machinists' strike.
- The proposed deal includes a 35% general wage increase spread over four years.
Boeing and leaders from a union representing striking machinists have reached a deal that could end a strike that began on September 13.
The International Association of Machinists and Aerospace Workers Local 751 said on Saturday that it had received "a negotiated proposal and resolution to end the strike" with the help of Acting US Secretary of Labor Julie Su.
It said members would vote on Wednesday on the contract deal, which includes a 35% general wage increase spread over four years, a one-time bonus of $7,000, and enhanced contributions to 401(k) retirement plans.
About 33,000 Boeing workers have been on strike in the Pacific Northwest for over a month, halting much of Boeing's production.
Representatives for Boeing and IAM District 751 did not immediately reply to a Business Insider request for comment.