Firan Technology Group (FTG) Reaches Agreement With Represented Employees for a New Four-Year Contract
October 24 2022 - 5:10PM
Firan Technology Group Corporation (TSX:FTG) is pleased to
announce a new contract with its represented employees at its
Circuits – Toronto facility has been negotiated and ratified.
The contract is for four years. The
contract recognizes the strong recovery at that site following the
COVID-19 pandemic, the commitment to continuous improvement by
everyone, as well as the external environment impacting the Company
and its employees.
“I believe the contract is well balanced with
improved wages and benefits for the employees that are the direct
result of the commitment by everyone to improve productivity
through an ongoing focus on operational excellence”, stated Brad
Bourne, President and CEO, FTG Corporation. He added, “we are
seeing strong demand at that site in 2022 and we can now focus our
efforts to ramp up production to support our customers’ needs.”
ABOUT FIRAN TECHNOLOGY GROUP CORPORATION
FTG is an aerospace and defense electronics product and
subsystem supplier to customers around the globe. FTG has two
operating units:
FTG Circuits is a manufacturer of high
technology, high reliability printed circuit boards. Our customers
are leaders in the aviation, defense, and high technology
industries. FTG Circuits has operations in Toronto, Ontario,
Chatsworth, California, Fredericksburg, Virginia and a joint
venture in Tianjin, China.
FTG Aerospace manufactures and repairs
illuminated cockpit panels, keyboards and sub-assemblies for
original equipment manufacturers of aerospace and defense
equipment. FTG Aerospace has operations in Toronto, Ontario,
Chatsworth, California and Tianjin, China.
The Corporation's shares are traded on the Toronto Stock
Exchange under the symbol FTG.
FORWARD-LOOKING STATEMENTS
This news release contains certain
forward-looking statements. These forward-looking statements are
related to, but not limited to, FTG’s operations, anticipated
financial performance, business prospects and strategies.
Forward-looking information typically contains words such as
“anticipate”, “believe”, “expect”, “plan” or similar words
suggesting future outcomes. Such statements are based on the
current expectations of management of the Corporation and
inherently involve numerous risks and uncertainties, known and
unknown, including economic factors and the Corporation’s industry,
generally. The preceding list is not exhaustive of all possible
factors. Such forward-looking statements are not guarantees of
future performance and actual events and results could differ
materially from those expressed or implied by forward-looking
statements made by the Corporation. The reader is cautioned to
consider these and other factors carefully when making decisions
with respect to the Corporation and not place undue reliance on
forward-looking statements. Other than as may be required by law,
FTG disclaims any intention or obligation to update or revise any
such forward-looking statements, whether as a result of new
information, future events or otherwise.
For
further
information,
please
contact:
Bradley C. Bourne, President and
CEO Firan
Technology Group CorporationTel: (416) 299-4000
x314bradbourne@ftgcorp.com
Jamie Crichton, Vice President and
CFO Firan
Technology Group CorporationTel: (416) 299-4000
x264jamiecrichton@ftgcorp.com
Additional information can be found at the
Corporation’s website www.ftgcorp.com
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