WINNIPEG,
April 7, 2013 /CNW/ - New Flyer
Industries Inc. (TSX:NFI.UN) ("New Flyer" or the "Company"), the
leading manufacturer of heavy-duty transit vehicles in the United States and Canada, announced that the members of the
Communication Workers of America ("CWA") collective bargaining unit
at New Flyer's St. Cloud facility
failed to ratify the negotiated new four-year collective bargaining
agreement on the first vote. The current collective
bargaining agreement expired on March 31,
2013, and will continue in effect as is unless terminated by
action of either party.
The St. Cloud's
unionized workforce represents approximately 19 percent of New
Flyer's total workforce in the United
States and Canada.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses
in the United States and
Canada. The Company's three
manufacturing facilities - in St. Cloud,
MN; Crookston, MN and
Winnipeg, MB - are all ISO 9001,
ISO 14001 and OHSAS 18001 certified. The Company currently
operates a parts fabrication facility in Elkhart, IN and four parts distribution
centers in Erlanger, KY;
Fresno, CA; Winnipeg, MB and Brampton, ON. The Company also operates a
service center in Arnprior,
ON.
With a skilled workforce of over 2,200
employees, New Flyer is a technology leader, 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 diesel-electric hybrid vehicles. New Flyer
has delivered over 32,000 heavy-duty buses in the United States and Canada. All products are supported with an
industry-leading, comprehensive parts and service network.
Further information is available on New Flyer's web site at
www.newflyer.com.
The common shares and convertible unsecured
subordinated debentures of New Flyer are traded on the Toronto
Stock Exchange under the symbols NFI and NFI.DB.U,
respectively.
Forward-Looking Statements
This press release may contain forward-looking statements relating
to expected future events, including the ability of the Company and
the CWA to agree to a new collective bargaining agreement, that
involve risks and uncertainties. Although the forward-looking
statements contained in this press release are based upon what
management believes to be reasonable assumptions, investors cannot
be assured that actual results will be consistent with these
forward-looking statements, and the differences may be
material. Actual results may differ materially from
management expectations as projected in such forward-looking
statements for a variety of reasons, including whether the Company
and the CWA will agree to a new collective bargaining agreement,
whether the CWA union membership will ratify a tentative collective
bargaining agreement made between the Company and the CWA and the
other risks and uncertainties discussed in the materials filed with
the Canadian securities regulatory authorities and available on
SEDAR at www.sedar.com. Due to the potential impact of these
factors, the Company 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.
SOURCE New Flyer Industries Inc.