New Flyer Named as One of Canada’s Top 100 Employers for the Fourth Consecutive Year
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Winnipeg, Manitoba, Canada; October 6, 2008
New Flyer Industries Inc. (TSX:NFI.UN) (“New Flyer” or the “Company”), the leading manufacturer of heavy-duty transit vehicles in Canada and the United States, announced today that it has been named one of Canada’s Top 100 Employers for 2009. This is the fourth consecutive year that New Flyer has received this acknowledgement.
Now in its 9th year, the annual Canada’s Top 100 Employers award recognizes employers that are industry leaders at attracting and retaining employees. The competition is organized by Mediacorp Canada Inc., the nation’s largest publisher of employment guides and job-hunting periodicals. In conjunction with this award, New Flyer has also been named to Manitoba’s Top 20 Employers for the third consecutive year.
To develop this year’s Top 100 list, Mediacorp examined the recruitment histories of over 75,000 employers across Canada that it tracks for its popular job search site, Eluta.ca. From this initial group, Mediacorp invited 10,000 of the fastest-growing employers, plus 6,000 other companies and organizations in industries that Mediacorp editors wanted to examine more closely, to apply for this year’s competition.
“This year was the most competitive since starting the Canada’s Top 100 Employers project almost a decade ago,” says Mediacorp managing editor Richard Yerema. “We received a record number of applications from employers and our benchmarks for all the areas we consider have increased in all industries and regions. These employers are leading the nation.”
New Flyer Director of Human Resources, Janice Harper stated that New Flyer’s continued success stems from the Company’s constant and consistent attention to sustainability principles. “Our culture of corporate sustainability is based on three simple goals: a better product, a better workplace, a better world. Our employees benefit from our industry-leading safety, wellness and engagement practices, which results in stronger retention in a very competitive landscape,” says Harper.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in Canada and the United States. The Company’s three facilities -- in Winnipeg, MB, St. Cloud, MN and Crookston, MN -- are all ISO 9001, ISO 14001 and OHSAS 18001 certified. With a skilled workforce of approximately 2,300 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 gasoline-electric and diesel-electric hybrid vehicles. All products are supported with an industry-leading, comprehensive parts and service network. New Flyer’s Income Deposit Securities are traded on the Toronto Stock Exchange under the symbol NFI.UN. Further information is available on Company’s web site at www.newflyer.com.
Forward-Looking Statements
This press release may contain forward-looking statements relating to expected future events and financial and operating results of New Flyer and New Flyer Industries Canada ULC (“NFI ULC”) 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 market and general economic conditions 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, New Flyer and NFI ULC disclaim 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.
For further information, please contact:
New Flyer Industries Inc.
Glenn Asham
Chief Financial Officer
Tel: 204-224-1251
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