After merger with Burger King, hundreds of Tim Hortons employees fired

[Newsjock]

Source: CBC News

Dozens of corporate Tim Hortons workers, including pregnant women and staff who had been with the chain for 30 years, were summoned to meet with outplacement agents and then escorted out the doors of its regional offices and headquarters yesterday as part of a nationwide restructuring.

An employee who asked to remain anonymous described the scene and estimated about 40 per cent of Tim Hortons corporate workforce had been let go. But another source familiar with the downsizing plans says the actual number of layoffs is closer to 20 per cent, representing 350-400 employees.

... The Tim Hortons/Burger King merger is backed by Burger King owner 3G Capital, a Brazilian investment firm known for its ruthless cost-cutting. As part of its deal with the federal government, the company, renamed Restaurant Brands International, agreed not to cut front-line staff working at Tim Hortons restaurants.

But that agreement did not apply to the more than 2,000 employees working at headquarters, distribution centres or regional offices in Guelph, Ont., Kingston, Ont., British Columbia, Alberta, Quebec, and Nova Scotia.

Read more: http://www.cbc.ca/news/business/tim-hortons-layoffs-long-time-employees-escorted-out-the-door-1.2934853

[CentralMass]

1. I haven't been to a BK since the merger

announcement.

[Egnever]

3. Nor have I

I doubt I will ever darken their doorway again. This story just reconfirms my aversion to them.

[williesgirl]

6. nor I. plus I've told anyone who will listen about the sale. Most never heard of it.

[Sherman A1]

5. I gave up on BK

their food got really, really bad.

[lpbk2713]

2. They had a meeting with the Bobs.

Cold hearted.

[shenmue]

4. This is gonna suck

[HereSince1628]

7. Corporate administrative productivity apparently sucks

and can be done by fewer people...

This is one of the penalties of 'scale'. Efficiencies of scale are often talked about as an advantage of bigness. Seems getting to that advantage is gonna hurt some people more than others.

[thelordofhell]

8. Welcome to America, Tim Hortorns employees

You gotta go because the Venture Capital firm has to make all the money..........

[displacedtexan]

9. OMG, I have stock in Tim Horton's & I had no idea about this merger.

Tim Horton's has had a stellar reputation for treating workers well. This merger sounds disastrous.

[Fred Sanders]

10. You are right, the reputation of Tom Horton's is most of its worth. It's reputation of treating it's

workers well is going to get a lot of openly socialist minded folks talking in Canada.

And talking it over coffee somewhere else, wondering if Tim Horton himself would have approved.

Remember the lesson of Target Canada?

[MurrayDelph]

14. You HAD stock in Tim Horton's

as did I (And I voted mine against the merger).

It's been converted to something else now.

It's the same story: big corporation buys out a smaller company that is successful and removes everything that made the company attractive (and good) in the first place.

[bluedigger]

11. I've never heard of a merger that increased job, just profits.

[KamaAina]

12. And to Burger King, I bequeath... a boot to the head!

[DonCoquixote]

13. disclaimer

I do feel very sorry for the Tim Horton's employees that were just cast out. My heart goes out to them, not just because they lost their jobs, but that they had the sort of warm, health culutre that makes people want to immigrate up north.

However, to those arrogant Canucks that talked about how "low corporate tax" lured BK up, I say, congratualtions, this and keystone XL prove that behind all the halos, you were really a bunch of corrupt imperialist bastards after all.

[LiberalElite]

15. Workers lose every time there's a corporate merger nt