WINNIPEG, Jan. 27, 2016 /CNW/ - (TSX: NFI) (TSX: NFI.DB.U)
MCI Sales and Service, Inc. ("MCI"), a subsidiary of New Flyer
Industries Inc. (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
International Brotherhood of Teamsters collective bargaining unit
at MCI's Des Plaines, IL facility
have ratified a new collective bargaining agreement. This new
four-year contract is effective February 1,
2016 and will expire on January 31,
2020 and will replace the previous four-year agreement that
expires on January 31, 2016.
"I would like to thank the Teamsters, their membership and the
MCI team for a negotiation that was done in a most professional and
timely manner," said Paul Soubry,
MCI's President and Chief Executive Officer.
The new agreement provides annual wage increases of 2.5% in year
one and 2.00% in years two, three and four of the contract.
The collective bargaining agreement also provides the
introduction of a premium for members who are Cummins
certified.
The Des Plaines unionized
workforce represents less than one percent of the Company'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. Motor Coach Industries is also the
exclusive distributor of the Setra S417 and S407 in the United States and Canada. Motor
Coach Industries 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.