WINNIPEG, Jan. 21, 2016 /CNW/ - (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.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.
SOURCE New Flyer Industries Inc.