Greyhound Lines, Inc. Extends Contract with Amalgamated Transit Union (ATU) National Local 1700.DALLAS -- Greyhound Lines, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Laidlaw International, Inc. (NYSE NYSE See: New York Stock Exchange :LI), today announced that its collective bargaining agreement The contractual agreement between an employer and a Labor Union that governs wages, hours, and working conditions for employees and which can be enforced against both the employer and the union for failure to comply with its terms. with the Amalgamated Transit Union The Amalgamated Transit Union (ATU) is a labor union in the United States and Canada, representing workers in the transit system and other industries. The ATU was founded in 1892, and today has more than 180,000 members in more than 273 local unions in 46 states and 9 (ATU) National Local 1700 will be extended through Feb. 14. The contract was to expire on Jan. 31, 2007. "We remain committed to reaching a fair agreement with our drivers and mechanics," said Steve Gorman, president and chief executive officer, Greyhound Lines, Inc. "We will continue negotiations to address all of the issues that are important to our employees. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , our business will operate as normal without interruption." The ATU represents approximately 3,300 Greyhound employees, including 3,000 drivers and about half of the company's mechanics. Greyhound is the largest North American provider of intercity bus transportation, serving more than 2,300 destinations with nearly 13,000 daily departures across the continent. The company also provides Greyhound PackageXpress (GPX), as well as Greyhound Travel Services including: charters, sightseeing and shore services. For fare and schedule information and to buy tickets call 1-800-231-2222 or visit the Web site at www.greyhound.com. Laidlaw International, Inc. is a holding company for North America's largest providers of school and inter-city bus transport services and a leading supplier of public transit services. The company's businesses operate under the brands: Laidlaw Education Services, Greyhound Lines, Greyhound Canada and Laidlaw Transit. The company's shares trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE:LI). For more information on Laidlaw International, visit the Web site: www.laidlaw.com. |
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