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差不多占总员工的3.5个百分点。6 G3 G: F; g( _, w! z) j
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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.& |! d, u' k- |/ `! E
# c4 @ Y4 i2 J) tEvery 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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. V/ g0 U) T. I5 Z4 k9 qTwenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.8 ~( F0 s' D$ Y7 U6 ?- R
# V3 Q( b& l( M4 i"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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, B/ `! b+ [& O& A# SIt brings Finning Canada's workforce down to about 4,300. s/ d; J0 b) U
) B% C q1 R7 i0 E, m3 d5 CNo hourly workers - who service and rebuild construction and mining equipment - are affected.3 r6 [) Z& B$ b! _
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In fact, the company is still hiring mechanics and technicians, Hunt said.9 l( J- X2 a3 n Z; Z2 m
$ g# `3 Z' W1 t9 f5 N. v$ Y+ _"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.
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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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$ i9 b$ @ f# l! M# F1 l) T4 JThe recent delays and cancellations of oilsands projects - a major income source for Finning - was not a factor in the layoffs, Hunt said." _$ m5 [$ j" q! M0 i9 b/ l
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"We're still very busy in the oilsands."
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+ C$ Q- z# l- P+ y# l' gHunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.9 j; P5 K$ |+ D
0 p* }; z9 U: MThey will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.
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5 y7 q* A2 {3 e7 O% FThe employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.9 w, ~! \9 U3 B5 k, c# Z, }
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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.
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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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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.. R; i! q8 I3 C2 m
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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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