The Network Rail infrastructure firm has made a new offer to the RMT union to end a long-running dispute over the loss of 1,500 maintenance jobs.
The firm used the High Court to rule against a vote for strike action by RMT members in March.
The company has now offered to rule out compulsory redundancies.
But it has already accounted for more than 1,000 of the jobs by voluntary redundancy and “natural wastage”.
The deal also includes a pay rise of about 7 percent by December 2011, and a lump sum payment of £2,000.
RMT members will now vote on the offer.