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差不多占总员工的3.5个百分点。
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8 b% Z5 f g5 U) I1 m, [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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0 w4 X* \2 D uEvery office and every staff level, from support staff to management, in both provinces were affected, human resources vice-president Miles Hunt said Thursday.# o7 ]" }' j/ y* U9 L
4 [% A0 [7 ?) W T8 sTwenty-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.* W, D* x# L3 c9 }: U2 u) t
! Z0 m. N9 j+ T5 IIt brings Finning Canada's workforce down to about 4,300.
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1 T J. Z% A( z/ X' H: h, S6 eNo hourly workers - who service and rebuild construction and mining equipment - are affected.2 _8 v, w y0 ~9 [, n/ l6 E, v
, g( Z6 C7 ?# U4 k1 d5 h RIn 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.
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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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7 }$ }2 D' |7 ^2 @3 D6 j. w7 \The recent delays and cancellations of oilsands projects - a major income source for Finning - was not a factor in the layoffs, Hunt said.
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- y( z1 w% R: T* r$ n"We're still very busy in the oilsands."6 L: r4 H% l# |- S
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Hunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.
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$ ~ L% C7 p5 ^. y2 J' oThey will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.: g, N U, N9 Y; Z- G$ q0 L
" ?1 [+ f" ]8 D2 E+ N; x2 J5 {The employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.8 E. e5 P/ }7 S1 I
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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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7 u! }* F3 y9 b/ r# gDemand 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.. O7 r* U, R E& V/ D3 F
8 y" X! M7 \% FFinning 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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0 \9 q/ l3 W% {, l1 v% e7 `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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