Drivers at First Bus in Staffordshire and Cheshire were due to vote on Thursday on a new deal offered by the company.
The drivers, members of the T&G general workers’ union, have taken seven days of strike action over the past two months in a fight over pay and conditions.
First Bus has faced a series of strikes around the country as drivers have fought for £8 per hour without any change to conditions.
The company has offered the drivers a 21.2 percent pay rise over 16 months, without any change to terms and conditions.
The first stage will see a rise from £6.60 an hour to £7, which will be backdated to April 2005.
In April 2006 pay will increase to £7.50 and reach £8 per hour in April 2007.
Regional Industrial Organiser Neil Salter said, “In the circumstances we feel that this is a stunning victory.
“We wanted a deal that would stop this employer from attacking the workers’ rights.”
The T&G has gained 150 new members during the dispute, which has been 100 percent solid throughout.