Toronto: September 25, 2007
Automodular Corporation (“Automodular”) announces that it has reached agreement on a renewal contract for its Oshawa-area workers with the National Automobile, Aerospace, Transportation and General Workers Union of Canada (“CAW”). The contract provides improvements in wages and benefits and will have a 3-year term.
Automodular looks forward to working closely with the CAW to ensure continued delivery of defect-free automotive assemblies to its customers at a competitive cost.
Automodular Corporation is a supplier of sub-assembly, sequencing, transportation and logistics services to five Original Equipment Manufacturer plants in Ontario and Ohio. The Company has five operating facilities and employs over 900 people.
For further information, contact:
Vice President, Finance
(416)861-0662 x 223
This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the Company's periodic reports filed with the Canadian securities regulatory authorities and on SEDAR at www.sedar.com. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.