Boeing, union reach preliminary deal to avert Seattle-area strike

The agreement, which must be ratified by workers, includes a 25 percent wage increase over the four-year life of the contract, according to Boeing and the International Association of Machinists and Aerospace Workers (IAM) District 751, which represents more than 33,000 workers. Other key elements include lower health care costs for workers, reduced mandatory overtime, 12 weeks of paid parental leave and a commitment to build Boeing's next new airplane in the Puget Sound region of Washington state if the contract is ratified this week...