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差不多占总员工的3.5个百分点。' h' q" {; e# P6 y& X' T: Z
8 w) |$ D0 T1 p9 G# N) R& K3 YFinning Canada has laid off 160 salaried staff in Alberta and B.C. as sales of Caterpillar equipment slows in the economic downturn., A# I3 s5 C% P
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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.& a# ?* N4 c/ N5 \9 L
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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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It brings Finning Canada's workforce down to about 4,300./ e ~' z+ T2 j
/ L- }$ o% s* |/ GNo hourly workers - who service and rebuild construction and mining equipment - are affected.1 ], l) P2 Q) z0 o" b9 d3 ]
/ t% }- N1 I& |- xIn 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.5 Y# V/ B& v' {5 H; M6 |0 \
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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."6 L0 i+ d4 ], R8 Z3 g) L4 f8 }
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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.- ?8 H# _$ p! b8 U/ \+ I
3 m9 G M: Z: {; z& U$ u"We're still very busy in the oilsands."1 g0 D4 j7 Y: T2 c2 i8 U
# N' J3 q% t! ]Hunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.! F: t' A& X& {' d
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They will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.& R$ D( z: ~% ^0 r2 ^
% r) w* l V% [0 _% bThe employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said., s: T4 S: p( l& j" k
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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.' m0 e6 Z% S/ z5 w
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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.. o( ]5 \2 |+ Z9 H
4 Z- b+ D. r* {: }3 ~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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