Greyhound to Examine Options after Amalgamated Transit Union Members Fail to Ratify Contract.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 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 informed the company that the members failed to ratify a new contract. The current contract expires April 15, 2007. "We are disappointed in the outcome of the vote because we provided a fair offer to our ATU-represented employees. We believe our offer addressed the issues that employees have told us are important to them, including improved wages and more affordable health care," said Steve Gorman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Greyhound Lines, Inc. The ATU represents 3,300 employees, including drivers and about half of the company's mechanics. Greyhound is the largest North American provider of intercity bus transportation, serving more than 2,400 destinations with 16,000 daily departures across the continent. The company also provides Greyhound PackageXpress (GPX GPX - Early system on UNIVAC II. Listed in CACM 2(5):16 (May 1959). ), as well as charters 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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