Boeing CEO Kelly Ortberg said on Thursday that employees furloughed during a seven-week strike by factory workers would be repaid by the company for lost wages, but it would proceed with plans to cut about 10% of its global workforce.

(Reuters) - Boeing CEO Kelly Ortberg told workers furloughed during the seven-week strike that their lost pay would be repaid by the company, the Air Current editor Jon Ostrower said in a post on X on Thursday, citing an internal message.

The approved contract offer includes a 38% raise over the next four years, a ratification bonus of $12,000 and expanded 401(k) contributions.

Approval of the deal with 38 percent raises over four years is a key step toward recovery after Boeing suffered billions in losses from the work stoppages and safety problems.

The deal includes pay raises of 38% over four years, and ratification and productivity bonuses. Boeing refused to meet a demand to restore a company pension plan.

A Qantas Airways flight bound for Brisbane suffered an engine failure after take-off on Friday and circled for a short period of time before returning safely to Sydney Airport, the Australian airline said.

A Qantas flight bound for Brisbane made an emergency landing in Sydney airport after passengers heard a loud bang from one of its engines, Australian media reported on Friday. The aircraft circled back and landed safely at Sydney airport,

Qantas said in a statement on Friday that there had been a "contained engine failure" on the Boeing 737-800 aircraft.