A spokesman for the union striking Israel Bond Organization headquarters here and at 70 regional offices throughout the United States reported yesterday a tentative agreement had been reached last Friday on a new contract. The prior contract expired on May 14 and some 500 professional and clerical employes struck the next morning. They are members of Community and Social Employes Union, Local 107, District 1707 of the American Federation of State, County and Municipal Employes.
The Local 107 spokesman said that ratification meetings would be held here and at the regional offices tomorrow and that he could not disclose details of the tentative new contract pending the ratification vote.
A prior negotiation session, an all-night marathon, broke up with no agreement early on May 18. The Local 107 spokesman said that picket lines had been unofficially disbanded, particularly since the Memorial Day holiday weekend followed the day when the accord on the new pact was reached.
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