‘The best contract' | Boeing agrees to historic pay rise, possibly averting strike by 33,000 workers

Boeing looks set to have averted a strike of 33,000 workers at the last minute after reaching a historic new deal with the International Association of Machinists and Aerospace Workers (IAM).

The embattled airplane maker announced the tentative agreement which must still be ratified by the union’s members in a statement shared on its website Sunday.

“Boeing today reached a tentative agreement on a historic contract offer with IAM Districts 751 & W24, which represent 33,000+ Boeing employees,” the company said.

In July, 99% of Boeing’s unionized workers voted to approve strike action, which was set to begin on Friday.