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差不多占总员工的3.5个百分点。7 I& J/ q' T1 y/ `9 _3 f0 I" I
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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.
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( g* Q& Q1 K4 ]$ rEvery 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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, X3 ]2 {8 F! M: D" jTwenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.9 C; N- j* B. d u8 W1 \
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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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5 n% |5 n% e' N8 F1 N) {8 n8 uIt brings Finning Canada's workforce down to about 4,300.8 l( v l4 w9 v# t( ^2 A
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No hourly workers - who service and rebuild construction and mining equipment - are affected.
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0 ?" K$ v+ S5 LIn 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.% }' M2 B; l1 V
5 ~( c h9 n3 g: h! S U# X* ~"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.": ]& ` S( s- v* Z5 G
M) M( e8 a2 u6 mHunt 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.6 P( J. G% a' B u0 g/ C% F
# \4 }2 d: t E3 NThe 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.# X/ a R0 {) t
; }/ w1 j* |/ ?/ }' L0 p: `& J# ^Finning 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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2 f% N4 S) {% O: k E, g0 DIts 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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