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差不多占总员工的3.5个百分点。% h. a; f' m6 ?' \- R5 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.
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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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$ \8 q5 i; O2 }: G) j1 k& B* PTwenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office., J6 g+ a% l3 `- r' z4 ]1 V. e
5 ^9 q4 V+ v8 c `" Y% l" `# A. N"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.9 S9 X2 Y- w( h& G5 {
6 G/ L9 X- S8 L3 VIt brings Finning Canada's workforce down to about 4,300.
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# N4 ~; N3 F' ~( }No hourly workers - who service and rebuild construction and mining equipment - are affected.
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In fact, the company is still hiring mechanics and technicians, Hunt said.8 c! b; b7 k& H
" b) S! a$ ^3 u9 v- G"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.2 |( v% N% l( t
7 f; p& [5 \' ?! e"It's our customers who are going to get us through this, and that's the last place we want to cut."( P( T& f: U3 s0 P* D# h
3 O* v" @# |, x% C" F) X0 ]The recent delays and cancellations of oilsands projects - a major income source for Finning - was not a factor in the layoffs, Hunt said.
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4 y0 C( K8 [7 @2 X1 a8 }% c* j; U"We're still very busy in the oilsands."2 |! I' r! l$ Z, p& I8 Y p7 i$ Q
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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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! R8 O: _( y, a B8 EThey will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.9 J4 k( N! e. Z2 U
4 S9 ^6 I+ A8 {6 O& |& E* {0 W% XThe employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.
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, r J0 ~7 A1 b' ~. Z! zMike 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.7 E5 U) t2 k) M M" x- K8 |
& j. f4 j4 j: m* w0 _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.
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2 t6 l3 l' O3 M; M0 K9 s/ UFinning 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.5 O8 D A+ u& s: ~, z# H' d4 C
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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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