On the evening of October 31st local time, Boeing reached a proposed agreement with the International Association of Mechanical Engineers and Aerospace Workers (IAM) negotiation committee on a new four-year contract. According to the contract announced on Boeing's official website on November 1st, employees will receive a 38% salary increase over four years and an approved bonus of $12000. In terms of the 401 (k) pension plan, the company promises to match 100% of employees' top 8% salary contributions and automatically pay 4% of the company's contributions.