The threatened nationwide electricians' strike looks set to be averted after employers and the Technical Engineering and Electrical Union (TEEU) agreed settlement proposals at the Labour Relations Commission.

Under proposals drawn up by Director of Conciliation Kevin Foley, the employers agree to withdraw any demands for a cut in existing pay rates.

At the same time, the TEEU will withdraw its 4.9% increase claim.

If necessary both issues can be discussed at the industry forum known as the National Joint Industrial Council.

The nationwide strike will be called off, although TEEU General Secretary Eamon Devoy warned that they reserved the right to take industrial action against any individual employer who failed to comply with existing agreements on pay and conditions.

Both sides are expected to notify the LRC of their position on the proposals tomorrow.