Striking Boeing Co (NYSE:BA, ETR:BCO) workers will vote on a new pay offer from the aircraft manufacturer for a 38% pay rise over the coming four years after their union backed the deal.
The International Association of Machinists and Aerospace Workers (IAM) said the roughly 33,000 striking workers will be balloted on Monday, after walking out in mid-September.
“It is time for our members to lock in these gains and confidently declare victory,” IAM said on social media.
“We believe asking members to stay on strike longer wouldn't be right as we have achieved so much success.”
The strike, by workers in the Seattle region, has brought production of Boeing's bestselling 737s to a standstill, adding to mounting issues for the plane maker this year.
Boeing in October unveiled widening losses over the third quarter, having faced issues on the back of heightened scrutiny of its quality control practices over the year.
Workers have so far rejected two offers from Boeing, including for a 35% increase in pay, with IAM previously calling for a 40% rise.
The latest offer would include a US$12,000 (£9,304) bonus, against US$7,000 offered previously, and would take average annual pay to $119,309 over the next four years.
“We encourage all of our employees to learn more about the improved offer and vote on Monday, November 4,” Boeing said.
Shares climbed by 2.3% in pre-market trading on Friday.