NFI’s Alexander Dennis proposes to maintain bus manufacturing in Scotland

Core Viewpoint - NFI Group Inc. intends to keep its Scottish manufacturing sites operational following support from the Scottish Government and trade union partners, which is expected to preserve jobs and maintain industrial capability in the region [1][2][6]. Group 1: Company Operations - The decision to maintain operations at Alexander Dennis's Scottish manufacturing sites is supported by a furlough scheme for roles necessary to sustain future manufacturing capacity, running for 26 weeks [3]. - Increased demand for single and double-deck buses has been observed, with confidence in securing further orders to support Scottish manufacturing [4][6]. - The original consultation process was initiated in June due to a changing competitive landscape, and the new proposal allows for continued operations while limiting expected role reductions [7]. Group 2: Government and Stakeholder Support - Scottish First Minister John Swinney confirmed the Scottish Government's support during a visit to the Larbert site, emphasizing the importance of preserving jobs and skills [4][5]. - Collaboration between the Scottish Government, Scottish Enterprise, and trade unions has been crucial in reaching this outcome [6][7]. Group 3: Financial Implications - NFI does not expect any changes to its financial guidance for 2025, and plans to reduce a $14.9 million restructuring provision originally recorded in Q2 2025 in its Q3 2025 financial results [9].