Striking Boeing workers will vote on the aerospace giant’s new proposals, which include a 38% pay increase over the next four years.
The International Association of Machinists and Aerospace Workers (IAM) union, which represents more than 30,000 striking workers, has backed the proposal and said it would vote on its members on Monday.
The strike began on September 13, causing a sharp slowdown in production and deepening the company’s crisis.
Two previous offers from Boeing were rejected by striking workers, who demanded a 40% wage increase.
As well as the proposed pay rise, the latest offer also includes a $12,000 bonus (£9,304) for workers if a deal is reached, up from the $7,000 previously offered.
“Now is the time for our members to lock in these gains and confidently declare victory,” an IAM social media post said.
“We don’t think it’s right to ask members to extend the strike because we’ve had so much success.”
Boeing said the proposal would increase workers’ average annual pay to $119,309 over the next four years.
“We encourage all employees to learn more about the improved proposal and vote on Monday, November 4,” Boeing said in a statement.
After the news was announced, Boeing shares rose 2.7% in after-hours trading in New York.