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差不多占总员工的3.5个百分点。- J3 d4 p9 ?* W( H
. }: w4 x2 Q: Z) V2 FFinning Canada has laid off 160 salaried staff in Alberta and B.C. as sales of Caterpillar equipment slows in the economic downturn.
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Every office and every staff level, from support staff to management, in both provinces were affected, human resources vice-president Miles Hunt said Thursday.
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- h( `9 P3 X! X' M; HTwenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.
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2 x4 t% x7 `: c+ c* p2 i& U"It's the toughest decision we have to make in our business life, and it's been a hard few days for us," Hunt said." B7 ]) ]2 ]6 I; F0 T. C: ]1 R
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It brings Finning Canada's workforce down to about 4,300.7 `1 D. `8 D% o! A3 J7 N3 k
8 B" H$ _4 A6 W5 K9 ONo hourly workers - who service and rebuild construction and mining equipment - are affected.
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$ ]# i1 N9 N: @4 c9 @In fact, the company is still hiring mechanics and technicians, Hunt said.8 ~9 F- N- A* M: F
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"That's the paradoxical thing. Even though things are changing, Fort McMurray (Alta.) is still growing, and we need more people up there," he said.' d3 x) B! o- f$ S
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"It's our customers who are going to get us through this, and that's the last place we want to cut."
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4 I6 Z% v3 _+ s2 I, K: i# [+ qThe recent delays and cancellations of oilsands projects - a major income source for Finning - was not a factor in the layoffs, Hunt said.* L- N' L' M; c# @ Z4 X
4 O+ E) a- Y. S8 V$ d& r"We're still very busy in the oilsands." O1 T* t4 J: a. @: m/ W& z
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Hunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.
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They will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.% P8 |0 o- X) S2 W+ T o
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The employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.
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Mike Waites, CEO of Vancouver-based parent company Finning International Inc., recently lowered the 2008 earnings guidance due to a slowdown in some of its businesses in Western Canada and the United Kingdom.+ ?3 }5 S$ g' x( b
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Demand for new equipment will likely soften and some purchases may be deferred, but that will result in an increase in its parts and service business - Finning's most profitable business - he said.' ]) V( c. F" [5 d5 b
: h" P+ A1 K) s1 n9 ~+ bFinning reported third-quarter net income of $64.8 million compared to $63.6 million for the same quarter last year. Revenues were a record $1.46 billion, compared to $1.33 billion a year before.
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Its order backlog has also grown to a new record of $2 billion, dominated by mining equipment, "and provides good revenue visibility for 2009 and into 2010," Waites said. |
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