Boeing machinists to vote on new proposal that could end strike

Boeing and its machinists’ union have reached a new contract proposal, potentially ending a month-long strike with a ratification vote set for Wednesday. The proposal includes 35% wage increases over four years, a $7,000 signing bonus, and other benefits. Acting U.S. Secretary of Labor Julie Su facilitated the negotiations, with Boeing looking to cut costs amid financial challenges and CEO Kelly Ortberg overseeing restructuring efforts.

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