Finning International recently reduced its workforce by 170 positions and realigned Canadian operations to improve profitability and advance strategic priorities. The job cuts impact staff at locations across its British Columbia and Alberta operations. The company has implemented other cost-savings initiatives, saving about CAD $150 million annually.
David Primrose has joined Finning Canada’s operations as executive vice president of mining, after 20 years of experience with Finning’s Canadian and U.K. operations. The company also named Andy Bone executive vice president of product support and operations for Finning Canada, promoted from his most recent role as president of power systems. Bone is a 29-year Finning veteran.
“The changes we have made to our organization respond to changing market conditions and are designed to support our strategy and help achieve our long-term vision for Finning,” said Mike Waites, president and CEO.
In other Finning news, the company delivered its 200th Caterpillar 797 off-highway truck in Canada to the Alberta oil sands operation. The 797, one of the world’s largest mining trucks was first introduced in 1999. While it took Finning eight years of steady growth to reach the 100th truck delivery mark, it reached 200 in only two years.
Finning is the world’s largest Caterpillar equipment dealer, with operations in Western Canada, the U.K., Argentina, Uruguay, Chile and Bolivia. It is No. 10 on the RER 100.