The company reached a tentative deal with its 33,000 employees, which includes a 35% wage increase over four years, a $7,000 signing bonus, and an increase in the company contributions to the members’ 401(k) plans.

Boeing CEO Kelly Ortberg called for a fundamental culture change to stabilize the company as it reported a third quarter net loss of $6.17 billion. Boeing cash flow was a negative $1.345 billion .

Union members of IAM Districts 751 and W24 are voting on a new contract proposal from Boeing on Wednesday and expect to announce the results of the vote later in the evening. Details of the offer provided by IAM include a 35% wage increase – 40% when compounded – over the four-year life of the contract and a $7,000 ratification bonus.