The takeover of Tim Hortons by Burger King is a bad deal for Canadians. That contention being made by the Canadian Centre for Policy Alternatives.
Senior economist David MacDonald says 3G Capital, which owns Burger King, has a history of aggressive cost cutting over 30 years.
He predicts higher prices, less quality and layoffs but restaurant jobs won’t be affected because the individual Tim Hortons are operated as franchises.
MacDonald says when Wendys took over ownership of Tim Hortons, the practice of making donuts fresh at each store came to an end. In a move to reduce costs, they were distributed to each of the stores frozen.
