Boeing and its union of 33,000 members reached a tentative deal on Saturday that could win workers a 35% wage increase and end a strike hampering the company's production, per the proposal. Why it matters: Boeing, already dealt the blow of repeated safety issues, has been trying to increase production and salvage its reputation.

The machinists union that represents more than 33,000 workers said that the deal includes raises of 35 percent over the four-year life of the contract.

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 striking Seattle-area workers have reached a tentative deal to end a more than month-long stoppage, the union said Saturday. The strike by some 33,000 unionized workers, mainly in Washington state,