THE wharfies' union says industrial action that would have shut down half of the Port of Melbourne for 48 hours has been called off.
About 500 stevedore DP World workers were to stop work in Melbourne for 24 hours from 10pm last night, following an eight-month dispute between the company and the Maritime Union of Australia over pay and conditions.
The union says the stoppage by Melbourne workers was called off after they accepted an in-principle agreement for a new enterprise bargaining agreement on Saturday.
The union was asking for a pay rise of 15 per cent over three years as well as improved conditions and an increase in superannuation.
A DP World Australia spokesman said the in-principle agreements were reached following constructive talks with the union, opening the way for a settlement. Further meetings were planned for the week.