Collective Bargaining Agreement Covering Employees of Cavco’s Emlenton, Pennsylvania Plant Expires
29 Febrero 2024 - 5:06PM
Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company"
or "Cavco") announces that as of today, the collective bargaining
agreement between Pennwest TCC and The International Association of
Machinists, which represents employees at the Company’s Emlenton,
PA manufacturing plant, has expired. As a result, the Union
employees elected to go on strike. We are eager to get back to the
negotiating table and continue bargaining in good faith toward a
contract that recognizes the Company's commitment to our employees.
Negotiations are expected to resume early next week.
About Cavco Cavco Industries,
Inc., headquartered in Phoenix, Arizona, designs and produces
factory-built housing products primarily distributed through a
network of independent and Company-owned retailers. We are one of
the largest producers of manufactured and modular homes in the
United States, based on reported wholesale shipments. Our products
are marketed under a variety of brand names including Cavco,
Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot
Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood and
MidCountry. We are also a leading producer of park model RVs,
vacation cabins and factory-built commercial structures. Cavco’s
finance subsidiary, CountryPlace Mortgage, is an approved Fannie
Mae and Freddie Mac seller/servicer and a Ginnie Mae
mortgage-backed securities issuer that offers conforming mortgages,
non-conforming mortgages and home-only loans to purchasers of
factory-built homes. Our insurance subsidiary, Standard Casualty,
provides property and casualty insurance to owners of manufactured
homes.
For additional information, contact: |
Mark FuslerCorporate Controller and Investor
Relationsinvestor_relations@cavco.com |
Phone: 602-256-6263On the
Internet: www.cavcoindustries.com |
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