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差不多占总员工的3.5个百分点。
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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.) r6 |+ Y+ K' v. m9 i3 N6 g3 g
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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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9 j" J8 }* [9 s8 s: [' YTwenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.
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1 W. O: y' c9 o# w' ?4 z4 {5 h"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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0 @2 C d& T$ e) R% e0 NIt brings Finning Canada's workforce down to about 4,300." J; v4 N5 u6 z. u" R; l0 D
0 Z+ I5 J* Q4 A5 PNo hourly workers - who service and rebuild construction and mining equipment - are affected.& J2 D& y8 q" I7 V, g- J& t
5 P" ]4 x5 @: P x5 C2 m2 nIn 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.7 H: M9 f; c. N. H# D
- G: U/ b& {) J4 K* H G"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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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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"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." S) P# `1 X1 h/ ]( ^
: h% R2 |3 ]# \- |, ^6 k% LThey will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.
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The employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.
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9 o! K% }3 }1 p- AMike 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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1 X5 ?( D) H3 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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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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