New Wendy's Boss Looks For Cuts
05/13/2008 05:26:47
DUBLIN, Ohio (AP) -- 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, which is acquiring Wendy's in an all-stock deal worth about 2.34 billion dollars.
Triarc owns Arby's shaved roast beef sandwich restaurants. Under the merger agreement, Wendy's International will continue to be based in the Columbus suburb of Dublin. Smith will be CEO of both brands.
In a letter to all Wendy's employees yesterday, Smith says he'll be moving his family to the Columbus area. He also says job cuts will happen as the company looks at ways to become more efficient and lean.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
APTV-05-13-08 0130EDT
© Copyright WHIO radio news
WebReadyTM Powered by WireReady® NSI
Marketplace
© All Media Guide, LLC. Portions of content provided by All Music Guide®, a trademark of All Media Guide, LLC.