WINNIPEG, April 11, 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 Canada and the United States, is pleased
to announce that the members of the UNIFOR main collective
bargaining unit at New Flyer's Winnipeg facility have ratified a new
collective bargaining agreement. This new three-year contract
will commence on April 1, 2015 and
will expire on March 31, 2018 and
replaces the previous three-year agreement that expired on
March 31, 2015.
"This new collective agreement is representative of the strong
and continued partnership between New Flyer and the UNIFOR. I
would like to thank UNIFOR, 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 2.5% in year
one, 2.5% in year two and 2.75% in year three of the contract.
The collective bargaining agreement also provides certain
wage scale, benefit and pension improvements for members.
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.
SOURCE New Flyer Industries Inc.