Boeing and union reach new contract offer as strike vote approaches

Boeing and its machinists' union have reached a new contract offer aimed at ending a strike that began on September 13. A vote on the proposal is scheduled for Monday, November 4. The new offer includes a 38% wage increase over four years, up from a previous 35% proposal. Workers can choose between a $12,000 one-time bonus or a $7,000 bonus plus a $5,000 retirement contribution. The strike has significantly impacted Boeing's production and financial stability, with the company reporting over $6 billion in losses last quarter. The strike's effects are also expected to influence the upcoming U.S. jobs report.