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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 G8 l! Z2 P: X" s' v! x& x% H
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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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Twenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.- A* B/ j0 ~1 [# l% e
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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.0 M3 x2 U- b! S- @" x
9 P; F5 [+ f3 ]8 B: O/ F4 eIt brings Finning Canada's workforce down to about 4,300.4 J9 q; V* Y5 ^9 A& n
6 W& I2 c$ u' O+ u8 E; aNo hourly workers - who service and rebuild construction and mining equipment - are affected.) K6 w4 ?" Q2 y1 Q4 ^' ~4 {5 g5 E
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In 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.; x( C0 t) S8 m! M2 z! P6 R# i( u
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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."5 m1 Z. W& j5 M1 ~/ P2 k8 P
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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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4 z3 {" k) x! Q& R% W$ ?7 |"We're still very busy in the oilsands."" {/ x' }2 j+ Q- b; E+ a' G- Y
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Hunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.* V, W. x0 |# Z2 g h* m7 y
$ d/ p2 j! l$ k2 A( l: YThey will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.& Q" _3 C+ n3 \; U
8 j. r" D% j9 _9 e! X0 k7 m* }The employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.
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' F7 e; R0 U6 |+ oMike 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." _* W) V$ ]3 d: \) t: I* G
! Q8 e" R* M" U9 u, 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.
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3 z# `& M( k" Y2 E* p- lFinning 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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