Steelworkers at Port Talbot have called off a planned strike after owners Tata threatened to move the closure date to before the industrial action.
Unite union said it would no longer be launching a walkout on July 8 in the hopes that it can have additional discussions with Tata over the future of the UK's largest steelworks.
Other unions such as the Community and GMB had urged Unite to avoid the strikes amid fears it would speed up the closure of Port Talbot's fourth blast furnace, which was initially scheduled to shut in September.
With the election this week and the potential for a new government to take charge, representatives of Port Talbot workers had hoped the potential new Labour leadership could help extend the life of the furnaces.
Tata's decision comes as part of its effort to reduce carbon emissions, replacing the old fossil-fuel-powered blast furnaces with a single electric arc furnace.
It aims to support the site's move towards cheaper, greener steel production.
Despite the £500 million in government support for this transition, approximately 2,500 job losses will occur over the following year before a further 300 in the next three years.