Boeing has reached a tentative deal aimed at ending a significant strike by machinists, which has lasted for several weeks and led to major disruptions in airplane production. The new proposal includes a substantial 35% wage increase and a $7,000 signing bonus for workers, prompting union members to prepare for a critical vote. As the strike has escalated, Boeing announced plans to cut approximately 17,000 jobs, citing financial pressures and losses in its defense unit, which reported a staggering $2 billion in losses for the third quarter. The acting US labor secretary is set to meet with both Boeing and union leaders to facilitate a resolution, emphasizing the urgent need to address the labor conflict that has dramatically affected the company’s operations.