Boeing is making a new offer to the union in hopes of ending a strike now in its second month

Boeing has proposed a new contract to the striking machinists' union, offering a 35% pay increase over four years and $10,000 bonuses per worker, up from the previous offer of 30% and $5,000 bonuses. The union plans a ratification vote on Wednesday. While the proposal does not restore a traditional pension plan, it increases contributions to 401(k) plans. The strike, ongoing since September 14, has halted production of several aircraft models and led to 17,000 layoffs as Boeing seeks to raise up to $10 billion to strengthen its finances.