The proposal includes a wage increase of 35% spread over four years, a reinstated incentive plan and an increase to company 401(k) matching.

A union representing striking machinists at Boeing said Friday it is actively engaged in indirect discussions with the planemaker that are being facilitated by Acting U.S. Labor Secretary Julie Su.

Boeing has offered striking machinists a 35% pay rise over four years in a new contract proposal they hope will end a month-long strike. About 33,000 unionised workers, mostly in Seattle, will vote on Wednesday whether to accept the offer from the aviation giant.

Leaders of Boeing’s largest union said on Saturday that they had reached a “negotiated proposal” for a new contract and would put it up for a vote to end a long and expensive strike. In a post on its website on Saturday,

Boeing and leaders from a union representing striking machinists have reached a deal that could end a strike that began on September 13. The International Association of Machinists and Aerospace Workers Local 751 said on Saturday that it had received "a negotiated proposal and resolution to end the strike" with the help of Acting US Secretary of Labor Julie Su.

Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, a deal that could end a more than month-long strike that has hobbled the manufacturers’ production.

A union representing striking machinists at Boeing said Saturday that members will vote Wednesday on a "negotiated proposal" that could end a more than month-old strike.

Boeing and the labor union representing nearly 33,000 striking members have reached a tentative deal, potentially ending a five-week strike that is costing the aircraft manufacturer an estimated $1 billion a month.

The latest proposal includes a 35% general wage increase over four years — bringing it closer to the union's original ask for 40%. Boeing previously offered a 25% raise over the life of the contract.