Boeing machinists to vote on new proposal that could end strike

Boeing and its machinists’ union have reached a new contract proposal that could potentially end a month-long strike that has impacted aircraft production. The proposal includes 35% wage increases over four years, a higher signing bonus, guaranteed minimum payouts in an annual bonus program, and higher 401(k) contributions. Acting U.S. Secretary of Labor Julie Su helped facilitate the negotiations. The strike began after workers rejected a previous agreement, and Boeing made a new offer. A vote on the new proposal is set for Wednesday. Boeing is facing financial challenges and job cuts, making a resolution to the strike crucial.