Chain reducing corporate costs to beef up aid for franchisees
Quiznos said it is laying off 154 employees worldwide in a move to cut expenses to provide more financial support to franchisees. In a statement late last week, company officials blamed the slow economy and said the decision to reduce corporate expenses was made “to provide additional financial assistance to the franchise owners.” According to a report by The Denver Post, about half of the planned layoffs would come from Quiznos' headquarters in Denver. Quiznos has had a strained ...
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Contact: Desiree Torres Desiree.Torres@penton.com