Labour Shortage Pushes Operator of 6 Tim Hortons Locations in Ontario Into Debt Restructuring
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A company operating six Tim Hortons restaurants in eastern Ontario has entered financial restructuring proceedings, citing difficulties finding enough workers to staff its locations in smaller communities.
M.G.B. Ventures Inc. filed a notice of intention to make a proposal to creditors on August 26, 2026, under Canada’s Bankruptcy and Insolvency Act. An Ontario court granted the company an extension on September 25 until November 9 to negotiate with creditors and develop a restructuring plan that could include the sale of at least three restaurants.
The six Tim Hortons locations operate in eastern Ontario communities including Alexandria, Hawkesbury, Dunvegan, Vankleek Hill and L’Orignal. The company employs about 156 people, including 41 temporary foreign workers.
The operator said recruiting local employees has been difficult in some smaller communities and that tighter federal restrictions on the Temporary Foreign Worker Program have increased staffing pressures. At its Alexandria location, 19 of 23 employees were temporary foreign workers, while 15 of 25 employees at the Dunvegan restaurant were hired through the program.
The restructuring proceedings come as the company also faces debts and other financial obligations. The six restaurants remain open while the operator works with creditors and considers selling some locations as part of its restructuring plan.
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Tahani Elghazaly5220 Posts
