Tim Hortons Cuts Jobs

[asterwald]

I buy nestle and mix a cup before heading to work. So I am already on boycott Timmie's mode.

 

[icespot]

McDonald's has way better coffee and you get free refills at a much better price. I used to get a Large coffee, muffin and a paper for 1.89.

Makes you wonder they worked really hard to make great coffee and market their MCcafe, but their burgers just went to shits.

So time to boycott Tims and send a message.

 

[HentaiRanger]

also boycott BK. I haven't bought a shit burger from BK for +10 years and more

ya, i prefer south streeｔor hero burger.
Detroit eatery detroit burger, holy chuck.was good buover priced, five guys is better than wendys, mcdonalds, burger king. i havent tried burger priest or gourmet burger yet.
beer bistro was too small, i love.German whest beer

 

[SkyRider]

CIBC announces 500 job cuts. This follows on the heel of 1,500 job cuts at Bank of Nova Scotia late last year. Also, Sunoco cutting 1,000 jobs (low oil prices).

Guys, don't spend all your money on sex trade workers. Keep some in case the regular salary stops flowing in. You never know.

P.S. The Leafs could use the real Tim Horton on defense now.

 

[shai]

I give Burger King 3 years to ruin, the phenom that is Timmy's.

They run a terrible business, and I've avoided them like the plague since I was a teenager.

 

[saxon]

I grew up in Hamilton - Timmy's is part of my identity. I grew up close to the first Tim Horton's location (which is a museum now apparently).
I've been saying I'd boycott but I don't want to hurt the franchise owners or employees. I don't spend nearly as much as I once did at Tim's now (I used to drive to the closest location for a bagel and a French Vanilla daily for breakfast - even on my days off for reasons I no longer comprehend lol... Additionally I purchased multiple steeped teas daily and regularly grabbed sandwhiches and soups. I could happily live off of Timmy's food. I realized that I'm a good cook so all that ended but I was a bigtime customer for a long time lol....) but if I'm at a corner (like Yonge and College), and I have the option of Tim's, Starbucks, or Second Cup... I will go to Second Cup, (just like I consciously choose other businesses bc they are Canadian-based). I've always been a Second Cup fan but even moreso now.

Though Tim's was owned by Wendy's for awhile, it was more palatable than the current situation.

Well Jen, I have lived in that neighbourhood for several years. They recently tore down the original Tims on Ottawa St. and built a new one on the same lot. The museum is on the second floor as its now a two story Tims. My mom and 2 sisters worked there years ago. Never knew you grew up in my part of town.

 

[MattRoxx]

3G capital did the same slash and burn to Burger King when it was acquired. Franchise owners better watch out. They're about to feel the pain.

3G continues their strategy of maximizing current profit for shareholders.

http://www.huffingtonpost.ca/2015/1...s-no-warning_n_8612468.html?utm_hp_ref=canada

Tim Hortons Abruptly Shuts Multiple U.S. Locations, Taking Customers, Staff By Surprise
Managers and employees at Tim Hortons locations in New York and Maine say they were let go with virtually no notice this week, amid a round of store closures in the U.S. northeast. At least one customer said he was mid-meal when Tim Hortons turned off the lights around him.

“The place has a few people sitting eating lunch. It starts to clear out and leaves just me and my buddy left in the place,” Doug Taylor of Lewiston, Maine, told the Sun-Journal. “The lights go out and we are told to leave because the place is now closed!” By Consumerist's count, 15 Tim Hortons locations closed in central New York State on Wednesday and Thursday, along with six locations in Maine.

Customers weren’t the only ones taken by surprise. A manager at a location in Syracuse said she was told the night before that she had lost her job.

"Went home and received a phone call that it was it. There is no work tomorrow. So I had to go on and call all of my employees and tell them ... don't show up to work tomorrow. That this is it," Pamela Levison, a Tim Hortons store manager, told TWC News.
...

The Tim Hortons chain was bought last year by 3G Capital, a Brazil-based global investment firm that also owns Burger King. The company is known for “swift layoffs, cost-cutting — and profit,” Fortune magazine wrote last year.

 

[Aardvark154]

Has anyone seen a business news article explaining 3G Capital's rational? Certainly I hadn't read or heard 'buzz' that Timmy's was in financial trouble.

 

[MattRoxx]

Has anyone seen a business news article explaining 3G Capital's rational? Certainly I hadn't read or heard 'buzz' that Timmy's was in financial trouble.

From the article:

Tim Hortons was tight-lipped about the closures, saying in an email to HuffPost that the company “continuously reviews the performance of [its] restaurants,” and “decided to close some restaurants in New York and Maine.”

I'm sure 3G sets goals and any underperforming businesses will be shut down as soon as noticed.

Similar to what's happening with PostMedia and Paul Godfrey here. They bought the Sun chain but are hemorrhaging money and will lay off stay & shut down local media that isn't performing up to expectations.
http://www.theglobeandmail.com/repo...ns-on-weaker-canadian-dollar/article26923650/

 

[Yoga Face]

this is why I refused to buy a franchise


as a franchisee you take all the financial risk and make none of the decisions that can bankrupt you

then you sign a contract written by their lawyers

in essence, you buy a job that will consume your life and risk total financial loss with no possibility of becoming wealthy unless you buy several franchises


a foolish business proposition for the gullible

 

[Keebler Elf]

in essence, you buy a job that will consume your life and risk total financial loss with no possibility of becoming wealthy unless you buy several franchises


a foolish business proposition for the gullible

And those who buy several franchises are making mint money. But you usually don't get to buy multiples until you've proven yourself.

Just because you didn't want to take the risk, doesn't mean those people who did are foolish.

 

[canada-man]

if you work for a company that 3G is trying to buy should you resign?

http://fortune.com/2015/03/25/3g-capital-heinz-kraft-buffett/

 

[Yoga Face]

And those who buy several franchises are making mint money. But you usually don't get to buy multiples until you've proven yourself.

Just because you didn't want to take the risk, doesn't mean those people who did are foolish.

and just because you succeed does not mean it was a good risk

I want to see some hard core forensics on franchises but it is not available

look, if you buy several then you are looking at 20 years before you sell and retire

so you got your fingers crossed for 20 years

no thx

consider those that have failed, then those few that succeeded

problem is such information is difficult to come by so you are making a blind business decision IMHO

bad idea

look at the fast food market

middle eastern and Mexican fast food is making subways passé

I would not want a subway right now as their answer is to include guacamole on your sub for an extra dollar

look, you paid big time for their marketing expertise and they offer guacamole as an answer to the completion that sideswiped them

I would want my money back because of their incompetence in their marketing but that will never happen

not interested in a concept that protects the franchisor and leaves the franchisee hanging and swinging in the wind

bad fucking idea no matter how I look at it

 

[Frosty]

Big deal. You guys argue about min wage increase and the cost of coffee going up. Soon or later we won't each people to serve us anymore. We'll get machines to do the job.