Boeing and Union Reach Tentative Agreement to End Strike

The proposed deal includes a 35% wage increase over four years and will be voted on by union members this Wednesday.

The strike, involving 33,000 machinists, began on September 13 and halted production of Boeing's key aircraft models, including the 737 MAX, 767, and 777.
The tentative agreement offers a $7,000 signing bonus, enhanced 401(k) contributions, but does not restore the defined-benefit pension plan.
Acting U.S. Labor Secretary Julie Su facilitated negotiations between Boeing and the union, leading to the new proposal.
Boeing has been facing significant financial challenges, announcing plans to cut 17,000 jobs and a potential $25 billion in stock and debt offerings.
The strike has cost Boeing and its suppliers billions, with the broader economic impact estimated at over $7 billion by the Anderson Economic Group.