Boeing reaches an agreement in principle with workers to end five weeks of strike

The unions announced this Saturday a principle of agreement in favor of the 33,000 employees of the American aeronautical giant Boeing who have been on strike for five weeks. The agreement still must be ratified by a majority of the rank-and-file members of the International Association of Machinists before it takes effect and workers can return to work.

The members They already almost unanimously rejected a previous provisional agreementwhich precipitated the first strike at the company in 16 years, but the union’s latest statement understands that the new offer deserves to be put to a vote by members, reports CNN.

Under the terms, the offer will increase salaries by 35% over the four-year life of the contract. It will also increase company contributions to members’ retirement plans, although it will not restore the traditional pension plan that was taken away from union members 10 years ago.

The union credited acting Labor Secretary Julie Su for having negotiated the agreement in indirect talks between the union and the address.

Julie Su had also negotiated an end to a strike by the International Longshoremen’s Association at dozens of ports on the East and Gulf coasts earlier this month, following a three-day strike earlier this month.