As we predicted recently, after the takeover of Tim Horton’s by Burger King, the new owners are moving swiftly to trim costs, principally by cutting jobs at Horton’s administrative offices across Canada and in the U.S. observers say this is standard operating procedure for giant holding company 3G…
Tim’s and BK are now BFFs. But you won’t find them under the same roof, if new
owner 3G sticks to its agreement with the government not to lay off any
Tim’s franchise-level staff…
When the Canadian government okay’ed the takeover of Tim’s by Burger King, which is in turn owned by giant Brazilian holding company 3G, it was stipulated – and Burger King promised – to not reduce staffs at Tim’s franchise outlets. but they said nothing about the regional and head office staffs. Insiders say that hundreds of Tim’s office employees will be cut. Burger King and 3G top executives are already moving into Tim’s administration centres across the chain and are preparing to institute a variety of operational changes.
Insiders and those in the financial industry who know 3G well say watch for slimmed down menu item offerings and increased prices at Tim’s under the new regime.
We’ll keep you posted.
~ Maggie J.