Tomorrow's threatened industrial action at ACCBank has been called off. SIPTU has lifted strike notice following intensive discussions at the Labour Relations Commission. Both sides have agreed to enter a partnership process on the changes required to prepare the State bank for privatisation. The company is seeking significant redundancies while staff want greater consultation on change and an employee share option scheme for 14.9 per cent of the company. This would work out at roughly £75,000 (€95,000) per employee.