Tim Hortons confirms layoffs at headquarters, regional offices
Less than two months after Canada’s iconic coffee chain fell into the hands of a foreign company, the axe has swung.
Tim Hortons has announced that pink slips were drawn up on Tuesday and handed out to staff at the company’s Oakville headquarters.
On Monday, reports suggested that upwards of half the 1.700 employees may have been in jeopardy.
The move, according to a company statement, is a part of its overall reorganization following the Burger King takeover that was approved in late 2014.
“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. 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,” said Vice President of Corporate Affairs, Alexandra Cygal, in an email statement.
Reports from Oakville suggested that added security staff had been brought to the complex on Tuesday to help manage the situation.