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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-12-08 08:07 PM
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Wendy's incoming CEO says employees should expect job cuts
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Source: AP

The Associated Press May 12, 2008, 7:08PM ET

DUBLIN, Ohio

The incoming CEO of Ohio-based Wendy's says employees of the nation's third-largest hamburger chain should expect job cuts.

Roland Smith is the chief executive of Atlanta-based Triarc Companies Inc., which is acquiring Wendy's in an all-stock deal worth about $2.34 billion.

Triarc owns Arby's shaved roast beef sandwich restaurants. Under the deal, Wendy's International Inc. will continue to be based in the Columbus suburb of Dublin. Smith will be CEO of both brands.

In a letter to Wendy's employees on Monday, Smith says job cuts will happen as the company examines ways to become more efficient.



Read more: http://www.businessweek.com/ap/financialnews/D90KCT980....



More job loss.....
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  -Wendy's incoming CEO says employees should expect job cuts OhioChick  May-12-08 08:07 PM   #0 
  - Yes, more job loss. However...  Kittycat   May-12-08 08:11 PM   #1 
  - Wendy's is not alone I'm afraid  4dsc   May-12-08 08:12 PM   #2 
  - I agree.  Kittycat   May-12-08 08:17 PM   #3 
  - It sure doesn't "trickle down" to the poor franchise employees though.  pattmarty   May-12-08 08:24 PM   #5 
  - Well, nothing would trickle down from corporate to franchise employees  Kittycat   May-12-08 08:33 PM   #6 
  - Hey! Kittycat!  RazBerryBeret   May-12-08 08:40 PM   #8 
  - Not anymore  Kittycat   May-12-08 08:53 PM   #10 
     - ha ha! Love the analogy...  RazBerryBeret   May-12-08 09:14 PM   #11 
        - Yeah - thinks were starting to tank when I relocated.  Kittycat   May-12-08 09:45 PM   #12 
  - Would that be after Dave Thomas' demise?  nathan hale   May-13-08 05:26 AM   #16 
  - Well, I hope they keep the people who speak English at the one  rzemanfl   May-12-08 08:17 PM   #4 
  - MANY LESS JOBS... AND ONE LESS CUSTOMER...  happygoluckytoyou   May-12-08 08:33 PM   #7 
  - Well yeah but this won't cut blue collar jobs  Indenturedebtor   May-12-08 08:50 PM   #9 
  - Actually they are experimenting with fast food offshoring  Goodnevil   May-13-08 04:12 AM   #15 
     - I've read that too....  AnneD   May-13-08 02:38 PM   #20 
  - Businesses in and around Columbus OH should TAKE NOTE!  InkAddict   May-13-08 01:04 AM   #14 
  - Why not start by cutting the incoming CEO's job?  rocknation   May-13-08 12:19 AM   #13 
  - When cheap fast food places are hurting, you know things are bad.  Winterblues   May-13-08 10:52 AM   #17 
  - And of course you realize  indypaul   May-13-08 01:28 PM   #18 
     - Astute observation. Methinks the top floor folks won't be  Tampa Rob   May-13-08 01:36 PM   #19 
 

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