Boeing's New Deal: Workers Vote Monday

Alright, let's talk about what's happening between Boeing and its machinists' union. They've just agreed on a new contract deal that could end a lengthy strike which began back in September. The union's asking its members to approve this deal, saying they've gotten as much as they can from negotiations. So, what's in this new deal? Boeing's offering machinists a 38% pay increase over four years, which brings the total pay increase close to 44%. Plus, workers have a choice between a one-time $12, 000 bonus or a $7, 000 bonus and a $5, 000 contribution to their 401(k). Boeing says by the end of the contract, the average machinist will be making around $119, 000 a year. They've encouraged all employees to learn more about the offer and cast their votes on Monday. This strike's been tough on Boeing, pushing back their plans to stabilize the company after facing some serious production and safety issues. The strike's also expected to show up in Friday's U. S. jobs report.