Boeing (BA) and the union representing its machinists reached a tentative deal that could end the 澳洲幸运5开奖号码历史查询:five-week long strike that has hobbled the aircraft maker’s operations.𓆉 

The union said it plans to hold a vote on the new settlement Wednesday, according to a statement Saturday.

The deal includes a 35% bump in wages over four years, up from Boeing’s 澳洲幸运5开奖号码历史查询:past offers of 30% and 25%, but still below the union's stated goal of 40%. The agreement also includes a boost to members’ 澳洲幸运5开奖号码历史查询:401(k) plans, among other benefits, though it will not bring back the traditional 澳洲幸运5开奖号码历史查询:pension plans workers wanted. 

Boeing’s operations have taken an estimated $1 billion hit a month from the strike, exacerbating the plane maker’s financial difficulties after 澳洲幸运5开奖号码历史查询:burning through billions of dollars earlier this year to contend with production pauses to address 澳洲幸运5开奖号码历史查询:several safety issues and investigations. 

Last week, Boeing announced a 澳洲幸运5开奖号码历史查询:series of measures to curb costs, including cutting around 10% of its workforce or 17,000 people, and postponing the launch of its 澳洲幸运5开奖号码历史查询:first 777x jetliner. 

The aircraft maker also said earlier this week it 澳洲幸运5开奖号码历史查询:plans to 💛sell as much as $2▨5 billion in debt or stock, a🌳nd 🌺made a deal with banks to receive a $10 billion credit line, among other moves to shore up its finances.

Boeing's stock price has lost more than 40% of its value in 2024 through Friday’s close, making it one of the worst-performing stocks in the S&P 500 so far this year.