Investing.com– Boeing Co (NYSE:) staff voted in favor of the planemaker’s newest contract supply, ending a long-running strike that had severely disrupted manufacturing for almost two months.

Native media stories from Seattle stated 59% of putting staff voted in favor of a brand new contract, which is able to entail wage hikes of 38% over the subsequent 4 years. However the contract nonetheless didn’t embrace the return of a pension plan.

The vote purchased an finish to the strike, which concerned about 33,000 West Coast manufacturing unit staff. The strike had begun on September 13 and had halted most of Boeing’s aircraft manufacturing whereas additionally inflicting the agency to hemorrhage cash. 

The strike was Boeing’s worst in 16 years, and got here as an extra headwind for the aircraft maker, which was already grappling with heightened authorities scrutiny after a aircraft door blew off an Alaskan Airways flight earlier this yr. 

The corporate’s Starliner spacecraft additionally malfunctioned throughout its maiden voyage and stranded two astronauts aboard the Worldwide House Station earlier this yr. 

Analysts stated the strike price Boeing round $100 million a day, with the planemaker elevating about $24 billion in capital final week to bolster its money circulation and keep its credit standing. 

However even with the strike now resolved, the corporate continues to be anticipated to take a while earlier than returning manufacturing to full capability. Employees in its West Coast factories are anticipated to return this Wednesday.