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差不多占总员工的3.5个百分点。( R5 K2 h1 R+ [/ C
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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.) B3 Y6 |+ B$ P
/ J0 o1 z2 m$ k* ^4 X8 [Every office and every staff level, from support staff to management, in both provinces were affected, human resources vice-president Miles Hunt said Thursday.# C1 q8 t& k& O
5 ?" f9 \5 m( d) R ~' ^7 R* NTwenty-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.8 ]+ S0 v( W" y- E$ d5 w
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It brings Finning Canada's workforce down to about 4,300.
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2 R" i! P7 E$ j' a2 U5 pNo hourly workers - who service and rebuild construction and mining equipment - are affected.# Z& ~+ t/ w( q# d: z5 G4 y
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In fact, the company is still hiring mechanics and technicians, Hunt said.
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6 y2 F# R( p, ^8 e) G"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.0 G9 @# J+ \$ d2 a5 l
+ C# G, `' I- N3 @: e2 G0 w"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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; F$ l P9 x; [2 x( pThe 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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$ I$ M% w5 x6 ]' J"We're still very busy in the oilsands."
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! E3 l& \, _ }2 }, tHunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.
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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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) w3 W( p7 H; j4 pThe employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.
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5 j% {% L) {4 F" EMike 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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8 p8 n( C- O; l2 {7 Q7 V$ K# ~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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3 E. T* Q4 r. w* WFinning 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.0 \& `4 L1 ~+ x+ ]
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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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