Boeing proposal may add over $1bn to wage bill

The agreement was reached after weeks of sometimes acrimonious discussions between Boeing and the International Association of Machinists and Aerospace Workers union

Boeing shares were trading at $161 in US premarket trading. File Picture: Richard Drew/AP

Boeing is expected to book more than $1bn (€900m) in wage-related expenses from its proposed labour contract, analysts said, although its shares rose 3% on Monday on hopes of an end to a crippling strike.

About 33,000 workers will vote on the contract proposal on Wednesday after a more than month-long work stoppage, which has halted production of models  including its best-selling 737 MAX narrowbody jets.