(Credit: Jonathan Tichler/Metropolitan Opera)

The Metropolitan Opera and IATSE have reached an agreement that will allow workers to return in preparation for the 2021-22 season.

Per information supplied to OperaWire, the agreement was struck early on Saturday morning and includes a three percent wage cut and a 4 1/2 percent annuity cut for three years. There will also be a lump sum payment equal to eight weeks of bridge pay as well as several other concessions on both sides, per the source. The union itself later confirmed that the deal had been made.

This is a developing story and more information will be provided after the holiday. Stay tuned directly on OperaWire.

The two sides had been in contentious negotiations for months leading to stagehands being locked out of the Met and their work being shipped overseas in order to start the process ahead of the 2021-22 season.

Both sides had reportedly opened up negotiations with a June 14 deadline in place, but after that fell through, another deadline, this time for July 7 had been issued by Met Opera management.

The Met Opera season is set to open in late September with a production of “Fire Shut Up in My Bones.”