The Metropolitan Opera in New York City called off a threat to lock out workers after reaching a tentative agreement with its unions, according to The New York Times.
The terms of the agreement, which were announced shortly after 6 a.m. Monday, were not immediately disclosed.
The Met and unions representing employees including musicians, singers, and others have been engaged in tense labor negotiations for months. The Met has said that it ran a $2.8-million deficit on a $311-million during the 2013-13 season. A final accounting of the 2013-14 season, which officially ended on July 31, will show that the deficit increased, they say.
Peter Gelb, the Met's general manager, has said that the unions must agree to millions of dollars in concessions for the 2014-15 season to proceed.