Canada Post and the Canadian Union of Postal Workers have reached two tentative agreements.
A statement released by CUPW says one agreement has been reached for each of the RSMC and Urban Bargaining Units.
“The majority of the National Executive Board has voted to accept these agreements and are recommending that the membership ratify them,” reads the release.
Negotiations were extended twice after CUPW served a 72-hour action noticed last Thursday.
The union had been without a contract since the beginning of the year, leading to an intense standoff between the two sides over the summer.
Some of the main issues in the dispute included pension structure, job security, and rural-urban pay differences.
CUPW says they won the pension fight as a defined benefit plan has been given for all current and future participants for both rural and urban.
The urban agreement also includes a one per cent wage increase effective January 1, 2016 and a 1.5 per cent increase effective February 2017.
For rural a 1.5 per cent wage increase was approved respectively.
The Canadian Federation of Independent Business had previously said that a work stoppage would’ve had a big impact on small businesses.
“There is still more than three quarters of our members who say they use Canada Post on a regular basis, and often it’s not for customers or clients, but the transactions that go on behind the scenes.”
CUPW represents 51,000 postal workers.
— Tony Tracy (@Tony_Tracy) August 30, 2016