SEIU Healthcare, Unifor and Teamsters Local 647 have raised the alarm about the dire consequences of a corporate mega-merger that would see the Canadian coffee chain, Tim Hortons, chain gobbled up by Burger King.
Immediately following the Harper government’s approval of the deal, the three unions issued a scathing statement, calling it “double double trouble” for Canadian workers:
“In the face of a jobs crisis, the federal government has approved the sale of an iconic Canadian business to a group of foreign billionaires with a track record of slashing jobs and minimizing taxes. The government’s decision to approve the Tim Hortons deal is a stunning abandonment of its responsibility to ensure that Canadians benefit from foreign takeovers.
Billions of dollars in new debt from the sale will put increased pressure on Tim Hortons, but Burger King and its private equity owner, 3G Capital, haven’t offered adequate protections for Canadian workers.”
Click here to read the full release and call on the Harper government to demand a guarantee from 3G Capital that no Canadian jobs will be lost because through this acquisition.
