Boeing sweetened its offer to thousands of striking factory workers, leading machinists union to back the deal.

Summary

Boeing’s unionized machinists voted to approve a revised contract, ending a seven-week strike that had stalled plane production.

The contract includes a 38% wage increase over four years, a $12,000 bonus, and enhanced 401K contributions, though it doesn’t restore pensions—a key issue for workers.

The agreement follows earlier rejected offers and marks a turning point after union leaders urged ratification, citing potential risks of future regressive offers.

The strike had halted production of Boeing’s 737 models, contributing to Boeing’s recent $6.1 billion quarterly loss amidst ongoing safety concerns and federal scrutiny.