The Australian Workers Union (AWU) has cut its pay claim for Bradken foundry workers from Kilburn in Adelaide.
The ABC reports that the union said that at a Fair Work Commission hearing Bradken agreed to consider a proposal for a 7.5 per cent pay rise over two-and-a-half years.
According to AWU vice-president Joe Kane, an increase of this size would mean that these workers in Adelaide would remain worse off than Bradken workers from other states.
"Originally we had a compromised position of 8 per cent over two years which would've included a bit of a catch-up with the other groups," he said.
"We've reduced that by 0.5 per cent to try and seal a deal, try and get this agreement done and dusted."
Such a move would come in spite of the fact that the company posted a net profit of $46.7 million in the six months to December, up from $43 million a year earlier.