Debenhams is to increase its redundancy offer to staff by one million euro after more than 5 months of negotiations.
The liquidators of the department store will also pay staff one-third of any profit from the sale of stock.
Staff have been picketing the company's 11 stores since they closed last April.
Debenhams dispute nears potential resolution
“This deal was only made possible because of the resilience and determination of our Debenhams members who have stood on picket lines through hail, rain & storms over the last four months."
— Mandate Trade Union (@MandateTU) September 4, 2020
Full details of the finalised deal will be made available to the workers early next week.
They will then be balloted on whether to accept the conditions or not.
Gerry Light, Mandate General Secretary said: “This deal was only made possible because of the resilience and determination of our Debenhams members who have stood on picket lines through hail, rain and even storms over the last four months. They have lobbied, protested and raised consciousness of their plight through the media. They are a credit to their union and to themselves.”