Caterpillar dealer Finning cutting 500 Cdn jobs

Tuesday February 24, 2015
Written by
Feb. 24, 2015 - Finning International, one of the world’s largest Caterpillar dealer, has announced it will cut 500 jobs from its Canadian operations due to “soft market conditions.”

Based in Vancouver, B.C., the company sells, rents and provides parts and service for equipment and engines to customers in various industries, including mining, construction, petroleum and forestry.

“In order to maintain profitability during soft market conditions, we are taking steps to align our cost base and invested capital to reduced demand, similar to the actions we took in South America a year ago,” said Scott Thomson, president and CEO Finning International. “As part of our efforts to reduce costs in Canada, we will reduce our workforce by about 500 employees — roughly 9 per cent of our Canadian workforce. While this is a difficult decision, it is a necessary step to adjust to expected business levels.”

Add comment

Security code

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew


Digital Industry USA
September 10-12, 2019
EMO Hannover 2019
September 16-21, 2019
Weidmuller Open House
September 17, 2019

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.