Representatives from Macy’s and the Retail, Wholesale and Department Store Union have signed a new five-year contract which is expected to be ratified by workers early next week.

On Thursday, the groups had reached a tentative deal that averted a walkout by some 4,000 workers at four area Macy’s stores including the Herald Square flagship.

Under the terms of the contract, all union workers will receive a general raise of $3.05 an hour over the next five years, full-time employees who work between 35 and 40 hours a week are guaranteed to hold onto those hours, workers will get one guaranteed weekend off per month, except during the holiday season, and they can select a day off during the week, determine which nights they will work late and can change their overall schedules every six months.Extra hours can be picked up by part-timers, who will be eligible to participate in the medical plan if they reach full-time hours, no vacation benefits will be reduced and Macy’s will contibute more to cover the cost of health care while the workers will pay less.

According to a union officials, the new contract “delivers real gains and protections for the Macy’s workforce in the New York City area.”

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