California State University management and its faculty union say they've reached a tentative contract agreement that would avert a five-day strike that faculty had planned for next week.
The two sides plan to announce the details of the plan at a news conference Friday morning, they said in a joint press release.
The California Faculty Association said that it would postpone the planned strike, which would have begun on April 13, pending union members' ratification of the terms of the new contract. The contract would also need to be approved by the CSU Board of Trustees during its meeting in May.
The two sides have been arguing over contract negotiations for more than a year, with faculty asking for a 5 percent pay increase to make up for recession-era cuts. Cal State officials had offered a 2 percent raise, saying anything greater would cut into funding for educational programs.
On Wednesday, CSU management and faculty announced that they were returning to the bargaining table with the intent to strike a deal to avoid the strike.