Burger King Corp. to Lay Off About 35% of Office Staff
Burger King Corp. said today it will lay off about 35% of its headquarters and field staff in a restructuring plan that is occurring three months after the $5.3-billion acquisition of the fast-food chain and its parent Pillsbury by the British conglomerate Grand Metropolitan PLC.
“These reductions are absolutely necessary for Burger King to achieve its potential,” said Barry J. Gibbons, Burger King chief executive officer.
Burger King’s profits are down about 60% from 1986.
About 100 employees at the Miami headquarters will be laid off starting today, and 450 others will lose their jobs at the 32 Burger King field offices nationwide, the company said.
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