Accounts payable

Circle K plans job cuts at Columbus offices

Circle K is potentially cutting dozens of corporate accounting jobs from its US Midwest region office on West Jonathan Moore Pike in Columbus, The Republic has confirmed.

“After long and careful consideration, we have made the difficult business decision to transfer certain accounting processes to a third-party vendor capable of performing these functions using the latest tools, resources and technology,” wrote Chris Barnes, Director of communications from Circle. K and its multinational parent company, Alimentation Couche-Tard, based in Laval, Quebec, Canada.

“This decision will impact approximately 90 positions within our organization from multiple locations across North America, including Columbus, Ind., among others,” Barnes wrote in an email. Barnes did not reveal how many jobs would be cut in Columbus, or respond to reports provided to The Republic that about half of the total cuts would come from the office here.

Barnes also declined to comment on advice from readers who said the company plans to move the jobs to lower-paying positions in India.

“The positions will change at the end of May 2023, and over the coming months, we are committed to treating the valued team members affected by this decision with the utmost care, respect and gratitude for their dedication and commitment to our company. We will invite them to apply for other available positions within our company that may match their skills and interests, as well as provide them with outplacement assistance and severance pay to help them with their career transition. ,” Barnes wrote.

A source with information about the plans who spoke to The Republic on the condition that their identities not be disclosed said the affected workers in Columbus were told by the company on Friday October 14 that their jobs would be laid off in May. next.

The source said the company plans to cut jobs from the Columbus office and another Circle K headquarters in Tempe, Arizona, and possibly other headquarters locations, as part of a business plan called Project Marigold.

The job cuts affect corporate-level accounting positions that help Circle K stores with paperwork, pricing, accounts payable and other functions, the source said.

According to information provided by the source, relevant Circle K teams include US Non-Trade AP, US Trade AP, US Fuel Accounting, US Wholesale Accounting, US Pricebook, US Indirect Taxes, and Toronto Operational Accounting.

The source said many of the employees who will lose their jobs have invested years with Circle K and are earning salaries ranging from around $30,000 to $60,000 per year depending on experience and responsibilities.

Circle K’s parent company, Couche-Tard, reported net income of $872.4 million in its most recent quarterly statement released Aug. 30, according to a company press release.

Couche-Tard — loosely translated from French as “Night Owl” — is led by Columbus-native president and CEO Brian Hannasch. The multinational operates more than 15,000 convenience stores around the world under the Circle K and Couche-Tard brands, among others.

According to the company’s website, there are a dozen Circle K stores in Columbus, Taylorsville and Edinburgh, with two more Columbus stores soon to adopt the brand name. Circle K also has several locations in Franklin, North Vernon, Seymour, Brownstown and Shelbyville, as well as a store in Nashville, among other places in the area.