Prudential staff in Reading have abandoned plans for two 24-hour strikes after the insurer guaranteed it would find jobs for the 82 affected staff elsewhere in the business.
The first strike was scheduled for 16 September over proposals to offshore back office annuity work to Mumbai.
An indefinite work-to-rule that started on 31 August – where employees do not take on work beyond their job description or contractual working hours – has also been suspended while talks over the alternative jobs take place.
Unite regional officer Ian Methven says: “This welcome commitment to find alternative jobs for the people affected by the outsourcing of work to Mumbai has enabled us to call off our industrial action.
He adds: “We will now seek to work constructively with Prudential bosses in hammering out the detail and ensuring the alternative jobs on offer are suitable for those affected.”