From the NY Times:

The owners of more than 3,200 apartment buildings in New York City reached an agreement on a new labor contract with the union that represents about 30,000 doormen, porters, janitors and building superintendents, averting a strike that was due to begin at 7 a.m. Wednesday.

The talks went right up to the midnight strike deadline, as they often have in the past, with the union resisting the owners’ demands for cuts in health care and other benefits. In the end, the owners agreed to a new four-year contract that includes a total pay increase of nearly 10 percent and no significant cuts in benefits for the workers, an official with the union, Local 32BJ of the Service Employees International Union, said.