It’s Only Common Sense: Customers Capabilities—and Confidence
Marcy’s Musings: Operating Without a Rulebook
Beyond the Board: How a Diminished Supplier Base Affects Complex PCB Manufacturing Readiness in Defense
FTG Reaches Agreement With Represented Employees for a New Four Year Contract
January 24, 2024 | GlobeNewswireEstimated reading time: 1 minute
Firan Technology Group Corporation is pleased to announce a new contract with its represented employees at its Aerospace – Toronto facility has been negotiated and ratified.
The contract has a four-year term and expires in August 2027. The contract recognizes the strong demand at that site, the commitment to continuous improvement by everyone, as well as the external environment impacting the corporation and its employees.
With the ratification of this agreement, all employees will return to work immediately, ending a six-week work stoppage. The work stoppage negatively impacted customers, employees and investors. For customers, we will work diligently to get our deliveries back on track as quickly as possible, using all the resources we have available at FTG. For employees, we know the work stoppage hurt them financially and the final settlement included a signing bonus to partially mitigate the lost wages. And for investors, the work stoppage will negatively impact our first quarter through reduced revenues of $3-4M and the corresponding profits. This will be a one-time impact to the company.
“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 the Aerospace - Toronto site and we can now focus our efforts to ramp up production to support our customers’ needs.”
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Amphenol Releases 2025 Sustainability Report
04/22/2026 | Amphenol CorporationAmphenol Corporation released its 2025 Sustainability Report.
Robot Density Surges in Europe, Asia, and Americas
04/08/2026 | International Federation of RoboticsEconomies worldwide are prioritising the integration of factory robots, as automation becomes a critical tool for boosting productivity. In the global automation race, the Western European countries reached a record 267 robots per 10,000 employees in the manufacturing industry 2024 – ahead of North America with 204 units and Asia with 131 units.
Foxconn Joins Global DEI Initiative to Promote Diversified and Integrated Talent Governance
03/24/2026 | FoxconnFoxconn Technology Group has chosen to join the CommonWealth DEI initiative, hoping to exchange diverse, equal, and inclusive practical experiences with more companies through an open platform, and to promote talent sustainability from an internal governance issue of a single company to an action for common learning and dialogue across the industry.
Learning with Leo: The Cost of Training on Skills and Knowledge Development
01/07/2026 | Leo Lambert -- Column: Learning With LeoThe ability to manufacture electronic products requires specific skills and knowledge, which have traditionally been developed through on-the-job experience and training. These experiences and training programs are expensive to implement, yet they are necessary to meet customer demands and remain competitive in the marketplace. Today, manufacturers, including government contractors, rely on industrial specifications in the design, fabrication, and assembly of electronic products.
Standard of Excellence: Delivering Excellence—A Daily Goal
06/25/2025 | Anaya Vardya -- Column: Standard of ExcellenceDelivering excellence consistently across all touchpoints is essential for organizations aiming to build trust, foster customer loyalty, and maintain their brand reputation. This requires a strategic approach encompassing uniform messaging, standardized service protocols, employee training, performance monitoring, and seamless integration across platforms.