The International Longshore and Warehouse Union of Canada (ILWU) announced August 4 that 74.66% of its members had voted to approve a four-year labor deal with the British Columbia Maritime Employers Association (BCMEA).

The BCMEA ratified the agreement on July 31. In a statement, the employers’ organization said the renewed collective agreement includes increases in wages, benefits and training that “recognizes the skills and efforts of B.C.’s waterfront workforce, while providing certainty and stability for the future of Canada’s West Coast ports.”

The two sides were able to reach a deal with the help of the Canada Industrial Relations Board, July 30, according to CNBC.

Previously, the union rejected a different labor deal following a two-day vote held July 27 and 28. That deal would have increased compounded wages for dockworkers by 19.2% over the next four years and included a $1.48 hourly signing bonus for all employees equating to almost $3,000 annually for each unionized full-time worker. That agreement also featured an 18.5% increase in retirement payouts.