Key Takeaways Boeing and the union representing its machinists reached a tentative deal to end a five-week long strike. The union said it plans to hold a vote on the new settlement Wednesday. Boeing faces massive losses from the strike,

The International Association of Machinists and Aerospace Workers said early Saturday that it plans to hold a ratification vote on Wednesday that could end the Boeing strike.

The machinists union that represents more than 33,000 workers said that the deal includes raises of 35 percent over the four-year life of the contract.

The proposed deal includes a 35% general wage increase spread over four years, the union said.

Striking workers at Boeing will vote next week on a new offer that could end a walkout that has lasted more than a month.

A tentative agreement has been reached between Boeing and the roughly 33,000 machinists that went on strike last month, the union announced Saturday. “We are finalizing the strike settlement agreement,

The latest proposal includes a 35% general wage increase over four years — bringing it closer to the union's original ask for 40%. Boeing previously offered a 25% raise over the life of the contract.

Boeing reached a tentative deal Saturday with its unionized machinists to end a strike that has dragged on for more than a month, delaying production and leading to thousands of layoffs, union officials say.

A union representing striking machinists at Boeing said Saturday that members will vote Wednesday on a "negotiated proposal" that could end a more than month-old strike.

Jet maker and machinists union reach tentative deal, including 35% wage increase, to end strike that halted most of the company’s production