The union had intended to engage in a week-long strike starting from today.
Members of the RMT union have ditched plans for strike action across the London Underground.
The union had intended to engage in a week-long strike starting from today amid a dispute over pay.
An RMT spokesperson said: “Following intense negotiations with London Underground management and a significantly improved offer, we have suspended the strikes scheduled to start this evening.
“London Underground has sensibly abandoned its proposed changes to pay structures which now means all our members will receive the same value in any pay award.”
They added further discussions will take place next week to finalise an agreement.
Sadiq Khan, mayor of London, tweeted: “Pleased to confirm that the RMT union has suspended strike action next week and agreed to talks. Great news for London’s commuters, visitors and businesses. You should continue to check your journey before you travel for updates from TfL.”
Last month, tube drivers represented by ASLEF had also said they will walk out for 24 hours from midnight on 7 November and 12 November.
Transport for London has since urged ASLEF to reconsider the proposals for strike action.
The hospitality industry has suffered £3.5b in lost sales as a result of disruption over the past two years, according to UKHospitality.