OAKVILLE, Ont. — Some Tim Hortons’ employees will be looking for a new job since the Oakville, Ont.-based chain has reduced its workforce by an undisclosed number of employees.
A little more than six weeks after Tim Hortons and Burger King merged into Restaurant Brands International, a company spokesperson confirmed it began lay-offs to its head-office team, which comprises head offices, regional offices, distribution centres and manufacturing facilities. Earlier this month, three long-time Tim Hortons’ execs, Roland Walton, Michel Meilleur and Scott Bonikowsky left the company.
“We have had to make some difficult but necessary decisions today as we reorganize our company to position ourselves for the significant growth and opportunities ahead of us,” Alexandra Cygal, VP of Corporate Affairs, said in an email statement to CBC. “We greatly appreciate the service and contributions of all of our employees and are treating departing employees with the utmost respect, while providing generous and enhanced severance packages, continuing health benefits and outplacement services.”
Meanwhile, Ottawa’s Canadian Centre for Policy Alternatives (CCPA) predicted cuts in October. “3G Capital has a well-established post-takeover playbook of cost-cutting and mass layoffs, and the billions in new debt to finance the acquisition will create enormous pressure for changes at Tim Hortons,” said David Macdonald, senior economist, CCPA.