Boeing union leaders are endorsing a sweetened contract offered by the airplane maker, signaling an end to a nearly seven-week strike that put a halt to the company’s manufacturing operations.
The International Association of Machinists & Aerospace Workers, or IAM, said in a social media post on Thursday evening that Boeing had offered a new contract that includes a 38% raise over four years. The union said it is endorsing the contract and recommends that its members approve the deal during Monday’s vote.
“We encourage all of our employees to learn more about the improved offer and vote on Monday, Nov. 4,” a Boeing spokesperson said in a statement to Business Insider.
The spokesperson noted that the new deal improves on the company’s previous offer of a 35% raise over four years. Workers rejected the proposal on October 23.
The new contract also stipulates a $12,000 ratification bonus, up from $7,000 in the previous proposal.
A representative for the IAM did not immediately respond to a request for comment.