A tentative deal has been reached between Boeing and the International Association of Machinists and Aerospace Workers to end a five-week strike by 33,000 unionized workers. The new contract proposal, facilitated by Acting U.S. Labor Secretary Julie Su, includes a 35% wage increase over four years, a $7,000 ratification bonus, and increased contributions to 401(k) plans, though it does not reinstate the traditional pension plan. The union plans to hold a ratification vote on Wednesday, which if passed, will conclude the strike that halted production of Boeing's major aircraft models. The strike had significant economic implications, leading to furloughs and a hiring freeze at Boeing, and attracted the attention of the Biden administration due to its impact on the economy. Union leaders highlighted the proposal as a result of the workers' resolve and the support they received, while Boeing expressed a commitment to resetting its relationship with its employees. The developments signal potential progress in addressing longstanding worker grievances over wage stagnation and benefits reductions.