MCI Announces Pembina, North Dakota Union Ratification of New Collective Agreement
Pembina, North Dakota – June 17, 2016: (TSX:NFI) (TSX:NFI.DB.U) Motor Coach Industries, Inc. (MCI), a subsidiary of New Flyer Industries Inc. (the Company), the largest transit bus and motor coach manufacturer and parts distributor in North America, announced today that the 210 members of the International Association of Machinists and Aerospace Workers collective bargaining unit (Local Lodge W-384/District W3) at MCIs Pembina, ND facility have ratified a new collective bargaining agreement. This new 49-month contract is effective May 7, 2016 and will expire on June 11, 2020.
The unionized workforce at the Pembina facility represents approximately five percent of the Companys total workforce in the United States and Canada.
About the Company
The Company 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 and employs approximately 5,000 team members.
Through its Canadian and U.S. subsidiaries, Motor Coach Industries Limited and Motor Coach Industries, Inc. (together, Motor Coach Industries), the Company is North Americas 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 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.
Through its Canadian and U.S. subsidiaries, New Flyer Industries Canada ULC and New Flyer of America Inc. (together, New Flyer), the Company is North Americas 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.
The Company also operates North Americas most comprehensive aftermarket parts organization providing support for all types of transit buses and motor coaches. All transit buses and coaches are supported by an industry-leading comprehensive warranty, service and support network.
Further information is available on the Companys websites at www.mcicoach.com and www.www.newflyer.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.
For further information, please contact:
Patricia Plodzeen Public Relations,
E-mail: [email protected]
Jon Koffman, Investor Relations
E-mail: [email protected]
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