Boeing workers vote on contract deal that could end strike NBC New York [Video]

Unionized factory workers at Boeing were voting Monday whether to accept a contract offer or to continue their strike, which has lasted more than seven weeks and shut down production of most Boeing passenger planes.

A vote to ratify the contract would clear the way for the aerospace giant to resume airplane production and bring in much-needed cash. If members of the International Association of Machinists and Aerospace Workers vote for a third time to reject Boeing’s offer, it would plunge the company into further financial peril and uncertainty.

In its latest proposed contract, Boeing is offering pay raises of 38% over four years, as well as ratification and productivity bonuses. IAM District 751, which represents Boeing workers in the Pacific Northwest, endorsed the proposal, which is slightly more generous than one the machinists voted down nearly two weeks ago.

“It is time for our members to lock in these gains and confidently declare victory,” the union …