hrreporter.com
Feb 17, 2015

No further cuts at Tim Hortons: CEO

Restaurant Brands to focus on deleveraging, reinvesting

TORONTO (Reuters) — Restaurant Brands International is not planning further corporate job cuts at its Tim Hortons unit, its CEO said on Tuesday.

"We executed our organizational restructuring upfront, which really focused on back office, corporate areas where we said we'd see overlap in the business," said CEO Daniel Schwartz. " We have no plans to have any more job cuts."

The company said it would focus on deleveraging and reinvesting in the business. Tim Hortons' U.S and international growth would be a top priority, but something that would take time, it added.

Restaurant Brands was formed from Burger King's takeover of Tim Hortons last year.