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差不多占总员工的3.5个百分点。+ u7 H9 A) K R
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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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' Y; n; s, t/ u- B E6 pEvery 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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7 { |. Y1 ^+ J0 f& P5 pTwenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.
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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.
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No hourly workers - who service and rebuild construction and mining equipment - are affected.
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( L& h) }2 O* R3 o/ ^In fact, the company is still hiring mechanics and technicians, Hunt said.0 h$ j, V! m7 e0 P# {7 P
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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.
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?/ |! g% t. V+ V/ q"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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; B7 @% m" v8 m2 P, M2 x5 i- uThe recent delays and cancellations of oilsands projects - a major income source for Finning - was not a factor in the layoffs, Hunt said., V- K# ^3 R1 r% _# `5 R; \
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"We're still very busy in the oilsands."
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Hunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.2 V, x* w1 |3 e1 a
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They will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.$ h: y& }9 X, l0 _- o0 G& z( q
$ m' C, x/ t# e3 e9 p2 Q2 Y. R3 w$ ?3 wThe employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.) s+ U: ^5 @: Y
' S1 L2 e1 [/ B' @) KMike 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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9 s: v7 C1 I9 ?( \' [2 G& eDemand 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 $1.33 billion a year before.
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# {1 J$ o4 S3 V- Y: AIts 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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