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Tim Hortons confirms rumours of impending job cuts

Tim Hortons confirms rumours of impending job cuts

Posted by Juan Gavasa on January 27, 2015

Tim Hortons Inc. is letting go an unspecified number of employees at its corporate offices as it prepares for a new era under the new ownership of fast-food chain Burger King.

The company on Tuesday afternoon confirmed rumours floating through the industry over the past week or so – that it is streamlining its corporate operations and slimming down. But it declined to give specific numbers.

 “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,” Tim Hortons spokeswoman Alexandra Cygal said in an e-mail. “This comprehensive process has created tremendous opportunities for some of our employees in new roles and promotions.”

She said departing employees will be provided “generous and enhanced severance packages, continuing health benefits and outplacement services.”

She added: “We are confident the new organization will be faster, more efficient and better positioned for continued success.” She said Tim Hortons’ head office will remain in Oakville, Ont.

The layoffs come about a month after the $12.5-billion takeover of Tim Hortons by Burger King, creating a fast-food giant with $23-billion (U.S.) in annual sales and now called Restaurant Brands International Inc.

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