Boeing Co. aimed to end a strike by proposing a 30% wage hike, reinstating an annual bonus, and urging workers to ratify the new deal.
The revised contract features a doubled bonus of $6,000 to workers, contingent on ratification by the end of the day on Sept. 27.
Since the work stoppage began, Boeing has seen its financial situation worsen, burning through over $1 billion per month as production slows.
With 33,000 workers on strike, Boeing's share prices rose by 3% amidst hopes that the new proposal would reinstate employee operations.
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