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差不多占总员工的3.5个百分点。
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' A$ f6 [) |) Y t$ C7 ?6 u$ g! z" Y! DFinning 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.( p1 B' z+ n Z
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Twenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.& b( ]# S/ `7 b; E1 ~, ]; ~: \3 p
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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.
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9 |3 h' c% u+ Q3 OIt brings Finning Canada's workforce down to about 4,300.
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1 e7 B; W1 i- h6 nNo hourly workers - who service and rebuild construction and mining equipment - are affected., S8 t/ x$ v7 E
+ L% T4 p: ~. Z$ A9 Z/ UIn fact, the company is still hiring mechanics and technicians, Hunt said.: G+ U, x) e( b) p: C( k+ _
& X k- j0 s! \. j0 |"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 S8 l; A* U! g$ `) 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."
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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.* \: Y* @# O( p2 T
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"We're still very busy in the oilsands."- |1 |+ a% {% z6 U" }( e
3 {1 l' p- ` b2 e) U5 UHunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.( E- N; L' j9 Y' N
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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.
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! t! R. j e1 \6 u% V+ FMike 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./ h0 B4 V7 ~$ Y( X/ i' P
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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.
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% L2 u( N, e2 }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.! V* c: ?7 |4 ^
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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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