Tim Hortons – Planning ‘significant’ layoffs

Tim Hortons is set to lay off a “significant” number of employees of its head and regional offices next week, according to sources. 

The layoffs, anticipated to some degree since Burger King finalized its merger with the country’s biggest coffee and baked good chain last month, could come as early as Tuesday, sources familiar with the matter told the Financial Post.

“We have a year-end celebration this weekend, so they are going to wait until after that,” one source said, adding layoffs were expected to impact regional offices the most. “There is talk of departments of 120 going down to 40 people. Cutting all departments in half is the direction, but some will be worse than that.”

Tim Hortons employed roughly 1,400 employees across seven regional offices prior to the blockbuster $12.5-billion deal struck last August to create the world’s third-largest restaurant chain.

Chosen excerpts by Job Market Monitor. Read the whole story at Tim Hortons Inc planning ‘significant’ layoffs at head offices next week: sources | Financial Post.