Next week’s tube strike has been suspended.

London Underground staff were due to walk out for 48 hours from 9pm on Tuesday to 8.59pm on Thursday over a long-running dispute about ticket office closures.

Transport for London plans to close all ticket offices at stations and bring more staff onto platforms, which it says will save £50million per year.

Transport for London had talks with the Rail, Maritime and Transport (RMT) union at the conciliation service ACAS yesterday.

Mick Cash, general secretary of the RMT, said: “Thanks to both the solidarity and determination of our members, and the hard work of our negotiators in the ACAS talks, RMT has been able to secure significant movement in three key areas which have allowed our executive to suspend both the action scheduled for next week and the on-going overtime ban.

“The substantial improvements we have agreed allow us to move forwards but the union’s core opposition to the austerity-led cuts on London Underground has not shifted an inch and we remain vigilant to further developments and their impact.”

Phil Hufton, chief operating officer of London Underground, said: “I am pleased that Londoners will not have to endure unnecessary strike action next week.

“Nothing positive would be achieved through this strike action and this threat had no logic to it what so ever apart from attempting to disrupt hard working Londoners and their members losing two days pay.

“We will continue to consult with staff and trades unions while we implement our proposals to modernise and improve the Tube service for our customers.”