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差不多占总员工的3.5个百分点。
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6 M; m2 h/ B, T- @' DFinning 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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; a: P6 S q; g9 o0 L' P( T! OEvery 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.) Q/ n! F/ Y/ E9 w# K. I
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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.! r) A% Y W) d* I4 y" X& l
2 @. m# r1 w3 J, J. ]No hourly workers - who service and rebuild construction and mining equipment - are affected.$ W2 U3 I% x5 l `. I! e/ R2 _+ \
; \7 [$ C, g7 u5 C) v( DIn fact, the company is still hiring mechanics and technicians, Hunt said.. p( K+ O& W- P8 m( |8 Y6 u# y8 {
! q$ U' _9 [3 s# `$ {0 q. t& s7 ["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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- }; D5 v! b# L* R, U" sThe recent delays and cancellations of oilsands projects - a major income source for Finning - was not a factor in the layoffs, Hunt said.) f5 y# t6 @- T
- O3 d3 }# k$ t# j"We're still very busy in the oilsands."+ O( \" z# o4 `) k( v
2 W4 i; K$ [ Q1 S* O% [* VHunt 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. @. ]$ ~! @/ ?. ?
$ K/ ]3 s d# XThe employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.
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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.
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* r) D9 e( f* a0 ^5 sFinning 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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6 |8 w, m; F8 cIts 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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