Wendy’s returning to its Ohio home
NEW YORK - Wendy’s severed another tie that bound it to its old partner, Arby’s, saying yesterday that it would move its headquarters back to Dublin, Ohio, from Atlanta.
Wendy’s had been based in Dublin until late 2008, when it was bought by Arby’s. It moved top executives to Arby’s home turf of Atlanta but kept about 400 employees in Dublin. The combined company was named Wendy’s/Arby’s Group.
But it decided to sell Arby’s to an Atlanta private equity firm, Roark Capital Group, last month.
Wendy’s/Arby’s had about 400 employees in Atlanta. About 200 will remain to work for Wendy’s in jobs including information technology and accounting. Another 120 will work for Arby’s.
About 50 positions, including executive jobs, will move back to Ohio, and the rest of the jobs will be eliminated.
Wendy’s said it will receive about $12 million over the next 10 to 15 years in state and city incentives as it upgrades the Dublin office and adds 50 employees or more over the next two years.
Wendy’s said the incentives were key to its decision to pursue the project, which will include a new meeting center that can hold up to 700 people and expanded room for the research and development team.