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New Flyer Industries Inc Announces St. Cloud Union Ratification Of New Collective Agreement

Friday, 31 May 2013 11:00pm EDT 

New Flyer Industries Inc announced that the members of the Communications Workers of America (CWA) collective bargaining unit at the St. Cloud facility have ratified a new collective bargaining agreement. This new four-year contract will commence retroactive to April 1, 2013 and will expire on March 31, 2017, and replaces the previous agreement that expires on March 31, 2013. The new agreement provides annual wage increases of 2.5% in year one, 2.5% in year two, 2% in year three and 2.25% in year four. The agreement also freezes entry level wage scales and increases time progression to full rate for new employees during the term of the agreement. The parties have agreed to an increase in employee medical cost share contributions. The St. Cloud's unionized workforce represents approximately 19% of New Flyer's total workforce in the United States and Canada. 

Company Quote

-0.1 -0.70%
1:53pm EDT