CFM Corporation Announces Status of Union Negotiations At Its Mississauga Facilities.Business Editors MISSISSAUGA, Ontario--(BUSINESS WIRE)--Jan. 13, 2003 CFM (Cubic Feet per Minute) The measurement of air flow. Cooling fans are rated in CFM. Corporation ("CFM" or the "Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CFM) announced today that Local 4970 of United Steel Workers of America ("Local 4970") and the Company are continuing to negotiate final terms of a collective agreement covering employees at the Company's Admiral ADMIRAL, officer. In some countries is the commander in chief of the naval forces. This office does not exist in the United States. Boulevard facilities in Mississauga. The current collective agreement covering these employees expired ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. on January 8, 2003. The Company has been negotiating with the Union since November but has been unable to reach an agreement. The Company believes that contract terms will be negotiated in good faith by both parties in an effort to resolve a contract in a timely fashion. Job action has been commenced by certain hourly employees although the Company has not been notified of any strike by Local 4970. The job action will have no impact on the Company's other nine manufacturing facilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and the Company anticipates no significant difficulties in meeting demand from its customers at this time. This press release contains forward looking statements that involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. Important factors that could affect these statements include, without limitation, general economic conditions, demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. , consumer confidence and the level of housing starts, war and acts of terrorism, CFM's ability to develop new products, patent protection, weather, the seasonality of the demand for CFM's products, the seasonal buying patterns of major customers, the availability of CFM's manufacturing capacity to respond to seasonal demand, industry capacity, product liability, relationships with certain significant customers, suppliers and employees, availability of gas and gas prices mass merchant consolidation, credit and collections, supply and cost of raw materials, purchased parts and labour, costs of certain employee benefits, the inability to increase selling prices as costs increase, competition, foreign currency fluctuations and government regulation. These factors and other risks and uncertainties are discussed in the reports and disclosure documents filed by CFM with Canadian and U.S. securities regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities and commissions. Statements made in this press release are made as November 20, 2002 and CFM disclaims any intention or obligation to update or reverse any statements made herein, whether as a result of new information, future events or otherwise. CFM is a leading vertically integrated manufacturer of home products and related accessories in North America and the United Kingdom. CFM designs, develops, manufactures and distributes a line of hearth hearth symbol of home life. [Folklore: Jobes, 738] See : Domesticity , barbeque and outdoor products and water and air purification purification, in religion, the ceremonial removal of what the religion deems unclean. The usual agents of purification are water (as in baptism), bodily alteration (as in circumcision), and fire. products. CFM maintains an ongoing program of research and development aimed at continually improving the quality, design, features and efficiency of its products. 460 Admiral Boulevard Mississauga, Ontario, L5T 3A3 Tel: (905) 670-7777 Fax: (905) 670-7915 E-mail: cfm@cfmmajestic.com Website: www.cfmmajestic.com |
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