New Flyer Announces Crookston Union Ratification of New Collective Agreement 2016
Winnipeg, Manitoba, Canada – January 21, 2016: (TSX: NFI) (TSX: NFI.DB.U) New Flyer of America Inc., a subsidiary of New Flyer Industries Inc. (“New Flyer” or the “Company”), the leading manufacturer of heavy-duty transit buses and motor coaches in North America, is pleased to announce that the members of the Communication Workers of America collective bargaining unit at New Flyer’s Crookston, MN facility have ratified a new collective bargaining agreement. This new five-year contract is effective January 1, 2016 and will expire on December 31, 2020 and replaces the previous five-year agreement that expired on December 31, 2015.
“I would like to thank CWA, their membership and the New Flyer team for a negotiation that was done professionally, constructively and efficiently by both parties,” said Paul Soubry, New Flyer’s President and Chief Executive Officer.
The new agreement provides annual wage increases of 2.25% in years one and two, 2.50% in year three and 2.75% in years four and five of the contract. The collective bargaining agreement also provides certain wage scale improvements for members.
The Crookston plant’s unionized workforce represents approximately five percent of New Flyer’s total workforce in the United States and Canada.
About the Company
The Company employs approximately 5,000 team members and is the largest transit bus and motor coach manufacturer and parts distributor in North America with fabrication, manufacturing, distribution and service centers in Canada and the United States.
Through its Canadian and U.S. subsidiaries, New Flyer Industries Canada ULC and New Flyer of America Inc., the Company is North America’s heavy-duty transit bus leader and offers the broadest transit bus product line (Xcelsior® and MiDi® models), incorporating the broadest range of drive systems available, including: clean diesel, natural gas, diesel-electric hybrid, electric-trolley and now battery-electric. New Flyer actively supports over 42,000 heavy-duty transit buses (New Flyer, NABI and Orion) currently in service.
Through its Canadian and U.S. subsidiaries, Motor Coach Industries Limited and Motor Coach Industries, Inc., the Company is North America’s leader in motor coaches, offering the MCI J4500, which is the industry’s best-selling intercity coach for 11 consecutive years, and the MCI D-Series, the industry’s best-selling coach line in North American motor coach history. MCI is also the exclusive distributor of the Setra S417 and S407 in the United States and Canada. MCI actively supports over 28,000 motor coaches currently in service and offers 24-hour roadside assistance 365 days a year.
The Company also operates North America’s most sophisticated aftermarket parts organization providing support for all types of transit buses and motor coaches. All buses and coaches are supported by an industry-leading comprehensive warranty, service and support network.
Further information is available on the Company’s websites at www.www.newflyer.com and www.mcicoach.com.
The common shares and convertible unsecured subordinated debentures of the Company are traded on the Toronto Stock Exchange under the symbols NFI and NFI.DB.U, respectively.
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