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.
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.
For further information: Jon Koffman, Investor Relations, Tel: 204-224-6672