Management and staff representatives from eye healthcare company Bausch + Lomb in Waterford have agreed to attend the Workplace Relations Commission in an attempt to resolve an ongoing pay dispute.
SIPTU members at the plant have been holding a series of temporary work stoppages since last weekend after previous efforts to advance a pay claim were unsuccessful.
Management expressed their "regret" on Saturday over the union members' actions.
In a statement this evening, Bausch + Lomb confirmed that, at the invitation of the Workplace Relations Commission, the company and SIPTU had agreed to attend conciliation this Friday "in a final effort to resolve the outstanding issue in dispute".
SIPTU Sector Organiser, Neil McGowan, said: "At the request of the WRC and in order to allow talks to have the best chance of finding a resolution to this dispute, our members have decided to suspend their campaign of industrial action which was scheduled to resume on Saturday, 18 June."
SIPTU organises over 1000 workers employed in the manufacturing plant which produces contact lenses and other pharmaceutical products, as well as providing research and development and surgical support facilities.