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差不多占总员工的3.5个百分点。% z- P3 F1 O# Q4 Q6 V
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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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4 q7 M1 J- f: D 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.6 ?$ K4 Y% A2 D4 f$ O( \' w
; g4 r$ v* y9 W0 C" ~! f+ {"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.6 g9 `( }% E% E w, g E
8 J% j6 z" @$ Y" D3 e1 H- m8 g- DIt brings Finning Canada's workforce down to about 4,300.3 K2 z2 }: `* B
1 [" J: E2 }! ~8 B9 x6 h7 sNo hourly workers - who service and rebuild construction and mining equipment - are affected.
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9 {$ X# h! S, \1 p; m& N. FIn 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.5 v% a# a; y" E. |
1 Q; l3 j& G/ w8 v1 z0 Z: W+ W"It's our customers who are going to get us through this, and that's the last place we want to cut."* y% E% C2 I C
7 I, f" f% m2 [- pThe 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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: Q* Z, ^# w/ P"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.) X& V* [: I+ X) j* u- z
- Q$ G! y8 {: e; SThey will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.0 N& b4 C$ D6 ]/ v( t
9 K7 K8 u$ {5 T, m1 N: ?The employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.. a, |4 n( C W/ w( Z
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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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% v" q; K. y' ], ^; v; \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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& P6 V @$ E! y" |- JFinning 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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