WINNIPEG, March 31, 2015 /CNW/ - (TSX: NFI) (TSX:
NFI.DB.U) New Flyer Industries Inc. ("New Flyer" or the "Company"),
the leading manufacturer of heavy-duty transit buses in
the United States and Canada, announced today that the Company and
members of the UNIFOR main collective bargaining unit at New
Flyer's Winnipeg facility are
continuing negotiations towards a new collective bargaining
agreement. The collective bargaining agreement expires today,
however, the terms and conditions of the current agreement remain
in effect while the parties continue to discuss and negotiate a new
agreement.
The Winnipeg plant's unionized
workforce represents approximately 22 percent of New Flyer's total
workforce in Canada and
the United States.
About New Flyer
New Flyer is the leading manufacturer
of heavy-duty transit buses in the United
States and Canada. The
Company is the industry technology leader and offers the broadest
product line of transit buses including drive systems powered by:
clean diesel, natural gas, diesel-electric hybrid, electric trolley
and now, battery-electric. The New Flyer group of companies
employ over 3,000 team members with manufacturing, fabrication,
parts distribution and service centers in both Canada and the United States. 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. Further information is
available on New Flyer's website at http://www.newflyer.com.
Forward-Looking Statements
This press release may
contain forward-looking statements relating to expected future
events and financial and operating results of the Company 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 being unable to successfully negotiate a new
collective bargaining agreement with the union 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.