PORTLAND, Ore. (KOIN) — A tentative agreement was reached between striking workers and management for Fred Meyer and QFC stores.

Late Friday night, a release from Local 555 said that as a result of this agreement, the planned one-week strike at the retailers ended after one day.

“We are pleased that Fred Meyer and QFC have recognized the ongoing hazard to its workers, with a settlement agreement that provides significant wage increases, added workplace protections, a secure retirement, and quality healthcare,” the release said.

In a release Saturday, Fred Meyer and QFC said all stores are open, staffed and stocked for customers.

“We are so grateful to our Fred Meyer and QFC associates for everything they do for our customers and our community. That’s why we’ve invested in their wages, healthcare, and retirement,” Fred Meyer President Dennis Gibson said in the release. “We will continue to do everything we can to balance investments in wages and overall wellbeing while keeping food affordable for our customers. We remain committed to our
people and our Oregon community.”

Fred Meyer officials said they’re offering associates raises ranging from $0.55 cent to $3.70 over the course of the 3 year contract.

Union officials said the tentative agreement will be revealed after members have seen it and voted on it. No date has yet been set for ratification.

“It’s a fully recommended offer. We now have to move to a ratification vote so our members will be the first ones to view the details of the contract,” said union leader Miles Eshaia. “We don’t share that with anyone except for them first because it’s their contract, it’s their right.”

Local 555 represents nearly 30,000 workers here in Oregon.