Machinists will vote next week on Boeing's contract proposal with a 35% pay hike over four years and other benefits. It could end a month-long strike.

Boeing announced on Saturday that its striking workers will vote on a new negotiated contract proposal that including a 35% pay hike and more 401(k) contributions.

The deal reached by the machinists union, which represents more than 33,000 workers, would cumulatively raise wages by nearly 40 percent over four years, according to details shared by the union.