Major buyout offer for Tim Hortons employees

Fifteen per cent of the total workforce – and almost all corporate employees – were offered the deal.

Major buyout offer for Tim Hortons employees
Another batch of Tim Hortons employees will be leaving the Canadian coffee magnate after the organization offered severance packages to 15 per cent of its entire workforce.
"Recently we extended a voluntary salary continuance opportunity to approximately 15 per cent of our staff, of which just over three per cent elected to take the offer," confirmed Michelle Robichaud, Tim Hortons director of public affairs.
"We are confident that these changes will continue to ensure that our new organization will be faster, more efficient and better positioned for continued momentum, growth and success," she continued.
The java giant’s workforce is already dwindling after cost-cutting advocates 3G Capital took control in December.
The investment firm merged Tim Hortons with Burger King to form Restaurant Brands International and before the dust had time to settle, about 350 employees were out of a job.
When the deal first went through, Industry Canada acknowledged 3G Capital’s ruthless reputation and set a serious of conditions before the deal could go through.
The new conglomerate would be based in Oakville, Ontario, and would have to “maintain significant employment levels at the facility.
Tim Hortons subsequently promised to retain at least 80 per cent of its corporate staff and keep franchises untouched – Robichaud insists the latest departures are “in full compliance” with the company’s earlier commitments.

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