Tim Hortons to cut jobs after PE-backed takeover by Burger King: Reuters

Canadian coffee and doughnut chain Tim Hortons confirmed this week it will cut jobs as it reorganizes after being acquired by U.S. fast food chain Burger King for $12.64 billion last year, Reuters reported. Tim Hortons declined to provide exact figures on the number of employees to be affected, saying it is still in the process of reorganizing.

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