Boeing may have just avoided another major crisis by agreeing to give workers a 25% raise

• Boeing has, in recent months, been mired in controversy over product safety and working conditions.
• On Sunday, the company announced a labor agreement with its union that included a 25% wage increase.
• The agreement could avert a strike, which would be catastrophic for the company.

Boeing on Sunday agreed to a historic labor agreement with its unionized workers, averting a potentially catastrophic strike.

The tentative agreement for the next four-year contract, which will still need to be ratified by workers in a vote on Thursday, guarantees unionized Boeing employees in the Pacific Northwest a 25% general wage hike over the contract's term, and a commitment that the company's next plane will be built in the region.