Campbell's Soups' Shepparton plant has been in lockdown since Friday, when about 150 workers were shut out of the plant.
They had rejected a company contract because it included a flexibility clause to negotiate individually with workers.
It is believed the company will put a different offer to the Australian Manufacturing Workers Union this morning.
The union's Tom Hale says the dispute could go on for some time.
"It depends on how much stock the company's got in their warehouse, the shelf life of the product, the attitude of the supermarkets - in relation to what happens if their stock is no longer available," he said.
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