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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.
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) H* t: h3 t: u: `3 PEvery 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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4 Z9 s! {/ k1 |7 r' D4 q; OTwenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.
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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.' C4 A- P# n' V! T( F# j$ q
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It brings Finning Canada's workforce down to about 4,300.# s) ^9 g! K+ x4 R7 A
5 m& _- w) {/ B& Y3 X- yNo hourly workers - who service and rebuild construction and mining equipment - are affected.6 c. o) w+ U9 b. ~8 {/ T
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In fact, the company is still hiring mechanics and technicians, Hunt said.
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- A3 l; T8 _' i4 b0 t# M"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.4 ~3 s0 o$ a6 S n; g
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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."
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/ J. X4 v n7 U1 g w2 b0 ?" V+ DThe recent delays and cancellations of oilsands projects - a major income source for Finning - was not a factor in the layoffs, Hunt said.* ~) k# N1 C0 U' L: J" p! E1 q( }; j/ c
3 t% y: W9 c6 F"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.
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' @3 o; p+ o4 l ]1 DThey will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added./ ~/ x- ?6 U3 Y' J
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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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! Y9 R, m/ |( M9 }. E6 QMike 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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7 J* e$ @. w3 G5 r1 u% ~" S1 s6 ?7 dDemand 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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5 H0 V" M9 g8 D* t8 N9 VFinning 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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