NEW WEMBLEY steelwork contractor Hollandia has agreed to take on all of Cleveland Bridge's 220-strong team of erectors and welders.
The future of the men had been in doubt after main contractor Multiplex gave Cleveland 28 days notice to leave the site earlier this month.
But following a five-hour meeting between Multiplex, Hollandia and the trade unions on Tuesday, the jobs were saved.
The men will be taken on via Hollandia's labour supplier Fast Track under the same terms and conditions as their Cleveland deal.But a number of Cleveland office staff at Wembley will be made redundant.
Harry Cowap, London regional official for Electrical and engineering union Amicus, said: 'This is a great advertisement for what the unions can achieve, despite commercial problems.'
The workers will start under their new bosses on July 28.
A number of longer servers will be entitled to severance and redundancy pay from Cleveland.
Cleveland was given its notice following cost overruns on the steelwork for the stadium's flagship arch.
Mr Cowap said: 'Cleveland Bridge was always struggling to get the job done for the price.'