logo
Share SHARE
FONT-SIZE Plus   Neg

New Flyer Reveals Winnipeg Union Ratification Of New Collective Agreement

Heavy-duty transit vehicles maker New Flyer Industries Inc. (NFI.TO, NFI_UN.TO) announced Saturday that members of the Canadian Auto Workers main collective bargaining unit at the Winnipeg facility have ratified a new collective bargaining agreement.

The company said the new three-year contract will commence on April 1, 2012, and will expire on March 31, 2015, and replaces the previous three-year agreement that expires today.

"This new collective agreement is representative of the strong and continued partnership between New Flyer and the CAW. I would like to thank the CAW, their membership and the New Flyer team for a negotiation that was done professionally, constructively and efficiently by both parties", said the company's CEO Paul Soubry.

Under the terms of the new collective bargaining agreement there is no wage increase in year one of the agreement, however, each bargaining unit employee will receive a C$800 signing bonus. The agreement provides annual increases of 2.0% and 2.25% in years two and three of the agreement, respectively.

The agreement also reduces entry level wage scales and freezes them for new employees during the term of the agreement. The parties have agreed to a 2.5% increase in pension benefits per year of credited service, effective in year three of the agreement, in addition to certain other benefit enhancements.

The Winnipeg plant's unionized workforce represents about 32 percent of New Flyer's total workforce in Canada and the United States.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Federal Aviation Administration said several pilots complained about pointing of strong green laser beams at planes flying over Long Island. The location was around Farmingdale, during 9.30 pm and 10 pm. Searches are on to locate the exact source of the laser beam. The Federal official suspects that the beam came from a hand-held device. Discount retailer Big Lots, Inc. Friday reported an increase in income from continuing operations for the first quarter, from last year. The company also registered a surge in net income particularly as it had carried a loss from discontinued operations last year. Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items.
comments powered by Disqus
Follow RTT