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
West Midlands Police has paid out £5 million to telecom companies after using 'snooping powers' to look at mobile phone records of suspects.
The daughter of a woman killed when a double-decker bus crashed into a Sainsbury's has told ITV News she will be "sadly missed by all".
The family of a teenager who was killed when he was hit by a minibus in Warwick have paid tribute to him.