Boeing workers in the US have voted to receive the aviation giant’s latest pay propose, ending a damaging seven-week-long walkout.

Under the recent agreement, they will get a 38% pay rise over the next four years.

Striking workers can commence returning to their jobs as early as Wednesday, or as late as 12 November, the International Association of Machinists and Aerospace Workers (IAM) union says.

The walkout by around 30,000 Boeing workers started on 13 September, leading to a dramatic slowdown at the plane maker’s factories and deepening a crisis at the business.

IAM said 59% of striking workers voted in favour of the recent deal, which also includes a one-off $12,000 (£9,300) bonus, as well as changes to workers’ superannuation plans.

“Through this win and the strike that made it feasible, IAM members have taken a stand for regard and fair wages in the workplace,” union chief Jon Holden said.

The union had previously called for a 40% pay boost and workers had rejected two previous offers from the business.

“While the history few months have been challenging for all of us, we are all part of the same throng,” said Boeing’s chief executive Kelly Ortberg.

“There is much work ahead to profitability to the excellence that made Boeing an iconic business.”

In a sign of how seriously the White House took the strike at one of the country’s most significant companies, acting US Labor Secretary Julie Su flew to Seattle last month to assist with negotiations.

Boeing has been trying to shore up its finances and complete the strike, which has now expense it nearly $10bn, according to consulting firm Anderson Economic throng.

In October, its commercial aircraft business reported operating losses of $4bn for the three months to the complete of September.

Last week, the firm launched a distribute sale to raise more than $20bn.

It came after warnings that a prolonged strike could navigator to downgrades of Boeing’s loan rating, which would make it more expensive for it to borrow money.

Last month, the firm said it would lay off around 17,000 workers, with the first redundancy notices expected to be issued in mid-November.

The latest crisis at Boeing erupted in January with a dramatic mid-air blowout of a piece of one of its passenger planes.

Its space business also suffered a reputational hit after its Starliner vessel was forced to profitability to Earth without carrying astronauts.