Press release from CNW Group
New Flyer's St. Cloud bargaining unit members fail to ratify new collective agreement on first vote
Sunday, April 07, 2013
New Flyer's St. Cloud bargaining unit members fail to ratify new collective agreement on first vote14:57 EDT Sunday, April 07, 2013
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.
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.
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