STORY: An end to the more than month-long strike at Boeing could be days away.

Striking machinists will vote on Wednesday on a new contract deal that includes a 35% pay hike over four years.

That’s according to the company and union.

About 33,000 West Coast workers have been on strike since mid-September.

The International Association of Machinists and Aerospace Workers Local 751 said on social media it had received a proposal from Boeing that is “worthy” of consideration by its members…

with help from Acting U.S. Secretary of Labor Julie Su.

A spokesperson said she has been in Seattle in recent days meeting with both sides.

The union had been seeking a 40% pay hike and restoration of a defined benefit pension.

The union said the planemaker's latest offer includes a $7,000 ratification bonus, reinstated incentive plan and enhanced contributions to workers' 401k retirement plans.

Boeing said it looks forward to its employees voting on the proposal.

But there is no guarantee workers will approve it.

In September, nearly 95% of the striking machinists rejected Boeing's contract offer of a 25% pay rise over four years that had been endorsed by union officials, prompting the strike.

The work stoppage has halted production of Boeing's best-selling 737 MAX and its 767 and 777 widebodies.

Boeing recently announced it would cut 17,000 jobs, or 10% of its global staff, and take $5 billion in charges...

:: NTSB

:: January 7, 2024

continuing a tumultuous year for the company that began in January when a door panel flew off an Alaska Airlines Boeing 737 MAX 9 jet in midair.

To help shore up its finances, Boeing also recently announced a window for up to $25 billion in stock and debt offerings over the next three years, as well as a $10-billion credit agreement.