Lactalis put forward a new offer which the 150 workers voted to accept on Saturday, November 14.
The vote signified the end to nine days of employees refusing to work and demonstrating in small groups outside the Bendigo factory.
United Workers Union organiser Tom Czech said the new offer from Lactalis was “substantial” and the workers were “very, very pleased”.
“The company has made a public commitment not to sell the site and to invest $20 million into it,” Mr Czech said.
“This has been matched with an increase in permanent jobs at the site by a third.”
The successful strike has shored up the future of the Bendigo factory as a major employer in the town, following years of uncertainty around its future.
Previously Bendigo Lactalis workers were paid $10 less an hour compared to their counterparts at the Echuca Lactalis site, something they were told was necessary because the Bendigo site was not as profitable.
The agreed-upon offer has not matched the wages between Bendigo and Echuca, but it has secured a significant wage increase and a yearly average increase of 6.4 per cent.
“The workers overwhelmingly voted to accept the new offer and they are very happy with the outcome,” Mr Czech said.
“This was the site's first strike and I think it's taught a lot of them what supported, united workers can achieve.”
Lactalis is a French-owned dairy company which owns the brands Pauls, Oak, Lemnos, Breaka, Vaalia and Icebreak.