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差不多占总员工的3.5个百分点。2 J! ^: ]# i' a1 b3 \" r8 ^1 z! S: K
( X# }0 Y8 _( F+ D' s: c; cFinning Canada has laid off 160 salaried staff in Alberta and B.C. as sales of Caterpillar equipment slows in the economic downturn.3 }0 J( ?, ^+ \) H7 Z- D
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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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# [8 n3 x- @! b# Q6 v# TTwenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.* i9 `) I- P+ A9 h
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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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, o$ r7 O [+ D: U Q6 Q3 HIt brings Finning Canada's workforce down to about 4,300.5 a( d4 F+ P6 x2 U& C/ B
0 e0 [ J; v: R, M) yNo hourly workers - who service and rebuild construction and mining equipment - are affected.
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$ {) g2 V- }8 \8 y! h( W* PIn fact, the company is still hiring mechanics and technicians, Hunt said.6 M' m2 @. q1 c/ ~' d4 b B# |& c
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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.3 j1 i9 a: M O
, v1 w1 a" k, s: a- g+ Y5 M"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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6 G3 S3 x" i8 G' fThe recent delays and cancellations of oilsands projects - a major income source for Finning - was not a factor in the layoffs, Hunt said.0 N9 Z, j/ [; [, q- q9 s
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"We're still very busy in the oilsands."
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/ G) Y5 ]1 M- @, r" T5 X- [Hunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.9 @1 X8 f3 G% L
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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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2 u# B% Y5 ` R( f# }The employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.
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. x1 g7 Z; N+ T3 _% e' S6 \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.8 @, |& C* Q) s5 x
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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.# S' A6 o1 T' b; a4 k
9 Q o# ?9 v4 k3 }* DFinning 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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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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