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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.7 d# Z4 }9 J6 |0 T7 w$ ~2 S! k& M* [
9 J$ C+ H3 N0 [ c, ^8 [: @Every office and every staff level, from support staff to management, in both provinces were affected, human resources vice-president Miles Hunt said Thursday.1 B( I/ ]8 [; s& G! F
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Twenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.
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' t5 H8 J. \: x"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.5 ~0 H% j4 p5 u! c- @
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It brings Finning Canada's workforce down to about 4,300.
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No hourly workers - who service and rebuild construction and mining equipment - are affected.
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- I: {% U- J6 U9 ^; KIn fact, the company is still hiring mechanics and technicians, Hunt said.' u# e: ]* z5 C2 \, x
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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."0 T, a) ^) z6 I: V
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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."( r _6 K! A. {+ g2 E& C8 F
! q J, w9 G; vHunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.3 Q6 j7 _2 @3 s0 ]
! d1 S6 R$ W0 xThey will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.3 t1 \9 i: F, W- i$ S: L
6 x* J p3 m! T1 E8 lThe employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.; G( @, i! K( V9 H. \ n3 {2 V, v
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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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; e/ G) a7 j, ~; ?2 t0 RFinning 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.# B7 {: b/ f; `0 j5 m
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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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