Winnipeg, Manitoba, Canada; April 26, 2006; New Flyer Industries Inc. (TSX:NFI.UN) announced today that a conciliator has been appointed by the Province of Manitoba to assist the Company and the Canadian Auto Workers (CAW) collective bargaining unit at the Company’s Winnipeg facility in reaching a new collective bargaining agreement. The previous collective bargaining agreement with the CAW unit expired at midnight on March 31, 2006, and the CAW members have been on strike since April 5, 2006.
The appointment of a conciliator was requested by the CAW unit and was agreed to by the Company. The parties will meet on Friday April 28, 2006 to participate in non-binding conciliation to determine if an agreement can be reached. The Province has also set a tentative meeting date of Monday May 8, 2006 in the event that the parties desire further conciliation assistance.
New Flyer is continuing to transfer its bus shell operations of its Winnipeg plant to its Crookston, Minnesota and St. Cloud, Minnesota manufacturing facilities and continues to manufacture and deliver buses to its customers from those facilities. The Company’s efforts to increase its labor force for the St. Cloud facility to respond to the increase in US production have been successful to date. The Winnipeg plant’s unionized workforce represents approximately 37 percent of New Flyer’s total workforce in the US and Canada.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in Canada and the United States. The Company’s three facilities -- in Winnipeg, MB, St. Cloud, MN and Crookston, MN -- are all ISO 9001, ISO 14001 and OHSAS 18001 certified. With a skilled workforce of approximately 1,800 employees, New Flyer is a technology leader in the heavy-duty transit market, offering the broadest product line in the industry, including drive systems powered by clean diesel, LNG, CNG and electric trolley, as well as energy-efficient gasoline-electric and diesel-electric hybrid vehicles. All of New Flyer’s products are supported by an industry-leading, comprehensive parts and service network. New Flyer’s Income Deposit Securities are traded on the Toronto Stock Exchange under the symbol NFI.UN. Further information is available on Company’s web site at www.newflyer.com and at www.sedar.com.
This press release may contain forward-looking statements relating to expected future events and financial and operating results that involve risks and uncertainties. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties detailed in the annual information form filed with the Canadian securities regulatory authorities. Due to the potential impact of these factors, New Flyer disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
For further information:
Janice Harper, Director, Human Resources
Phone: (204) 224-1251