Workers at the Molston Coors brewery in Burton-on-Trent are due to vote on a new pay offer next week.
The announcement has been made by the Unite Union, who have been holding talks with management at the site.
The Burton plant produces Carling, Grolsch, Coors Lite and Cobra lagers, as well as beers including Worthington, White Shield and Stones.
Earlier this week, 97% of union members voted to go on strike, claiming that 455 workers face having their pay and conditions cut.
Unite regional officer Rick Coyle said: “Both sides have worked very hard, under the auspices of the conciliation service, Acas to come up with this package of proposals."
More top news
Two people have been seriously injured in a crash between a motorbike and a car this afternoon.
A woman who underwent a keyhole hysterectomy woke up to find two of her teeth had gone missing.
This summer Birmingham is playing host to 100 giant, colourful owl sculptures which are dotted around the city.