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差不多占总员工的3.5个百分点。! o: s, W X; d) e$ J4 G9 [/ o
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Finning Canada has laid off 160 salaried staff in Alberta and B.C. as sales of Caterpillar equipment slows in the economic downturn.5 `# k& B) |1 b/ O$ v
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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.' k" r* c. d0 g* ~
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Twenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.* ]2 k! X9 F- `& p6 v
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"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.0 H! w/ N1 n- s) N0 w- n- W
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It brings Finning Canada's workforce down to about 4,300.
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No hourly workers - who service and rebuild construction and mining equipment - are affected.$ X& u3 [; |# Z; ]4 s+ M
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In fact, the company is still hiring mechanics and technicians, Hunt said.
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( |) J0 | n2 x"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.& N& a( n3 q( G' I* j# o
' s" H5 {8 x$ ?" X9 z"It's our customers who are going to get us through this, and that's the last place we want to cut.", l: z1 O/ w) x
- _, o6 `+ I- @8 g7 b+ BThe recent delays and cancellations of oilsands projects - a major income source for Finning - was not a factor in the layoffs, Hunt said.+ Q; W1 a8 G0 u
; V4 O: U9 J- |, B( j: x"We're still very busy in the oilsands."8 H( z+ O& T3 c7 ?8 |
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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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8 f, n( l# V( g; X7 P5 T/ B/ SThey will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.2 |4 J$ n! P' |+ R4 S3 E/ w) v
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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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( R: k; K3 T% }6 X4 U3 A% qMike 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./ H3 B) X6 E! l* l5 w, x6 c4 m, X' h
( y4 M. V* T! |0 F+ l7 UDemand 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./ `- s9 }/ I. P* R
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Finning 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.8 t. }! t* K" l& ~
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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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