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差不多占总员工的3.5个百分点。
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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.! o! U+ p! ^$ {7 U
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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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Twenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.
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0 h; H1 P, h$ [) |( ]# ^# [0 G"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.
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It brings Finning Canada's workforce down to about 4,300.
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+ \' N) X8 l. z2 p; BNo 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.
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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.9 w/ X; f1 @, o; A2 z" y; x( j
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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."& g% c9 a7 I" c# f) Y6 {; C
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The recent delays and cancellations of oilsands projects - a major income source for Finning - was not a factor in the layoffs, Hunt said.2 {' J: L; f" d- A
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"We're still very busy in the oilsands."
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, Q# c/ @$ N. c1 C1 E0 C ^, }9 }Hunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.1 @; Y( s( C2 X: r! `' O
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They will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.
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The employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.. K' i1 m# _1 E$ j i7 W4 S( ~2 _
4 @$ Q) n3 f; V+ _' tMike 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.$ d& f( s* g: }/ c+ z
- {7 k# E1 N7 X. n& {4 CDemand 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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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 $1.33 billion a year before.$ p l* |6 q# r+ X9 K( }
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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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