Bombardier Announces Unifor Local 112 and 673 Employees Renew 3-Year Collective Agreement

Rhea-AI Summary

Bombardier announced that employees of Unifor Locals 112 and 673 at its Aircraft Assembly Centre in Greater Toronto have ratified a new 3-year collective agreement. This renewal ensures continued operations and stability for Bombardier's Global family of aircraft.

The agreement highlights Bombardier's commitment to its workforce and operations in the region. Normal assembly activities are set to resume immediately, solidifying the company's production schedule and market position.

Positive

• Renewal of a 3-year collective agreement ensures operational stability.
• Continued production of Bombardier's Global family of aircraft.

Negative

• None.

MONTRÉAL, July 10, 2024 (GLOBE NEWSWIRE) -- Bombardier announced today that Unifor’s Locals 112 and 673 members, working at the company’s Aircraft Assembly Centre in the Greater Toronto area, have voted in favour of ratifying a renewed 3-year collective agreement.

Bombardier is committed to the site and the continued success of its industry-leading Global family of aircraft, for which normal assembly operations will resume today.

About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of approximately 5,000 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico.

For Information

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, as well as the company’s plans to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book and Claim system visit bombardier.com.

Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com. Follow us on X @Bombardier.

Media Contacts
General media contact webform

Mark Masluch
+1 514 855-7167
mark.masluch@aero.bombardier.com

Bombardier and Global are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

FAQ

What was announced in Bombardier's press release on July 10, 2024?

Bombardier announced that Unifor Locals 112 and 673 employees ratified a renewed 3-year collective agreement.

What impact does the renewed agreement have on Bombardier's stock (BDRBF)?

The renewed agreement ensures operational stability and continued production, which could positively impact Bombardier's stock (BDRBF).

Where are the employees located who ratified the new collective agreement with Bombardier?

The employees are located at Bombardier's Aircraft Assembly Centre in the Greater Toronto area.

What is the significance of the 3-year collective agreement for Bombardier's operations?

The 3-year collective agreement ensures stability and normal assembly operations for Bombardier's Global family of aircraft.