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The upside of downsizing

The Story

Jos Wintermans is a different kind of CEO. He takes his team on canoe trips and engages them in dialogue to determine their trust and comfort levels. From 1988 to 1995, Wintermans served as CEO for Canadian Tire Acceptance, the corporation's financial wing. When he first arrived at the company he had to fire 16 people. "It a very agonizing and traumatic experience," he reflects. A few years later the mainframe computer was outsourced and many feared for their jobs. But Wintermans found a way to keep all of them employed. In this clip, he explains his commitment to fairness and integrity.

Medium: Television
Program: The National Magazine
Broadcast Date: Nov. 30, 1995
Guest: Jos Wintermans
Host: Hana Gartner
Duration: 9:02

Did You know?

• In 2009, Wintermans was Chairman of the Board of Avensys Corporation in Montreal, a fiber optics manufacturer and distributor. He has also held senior management positions with wholesale distributor Sodisco-Howden Group of Montreal; Skyjack, a manufacturer of lift work platforms based in Guelph, Ont.; Rogers Cable Ltd. of Toronto, since renamed Rogers Communications Inc.; and Cygnal Technologies Corporation, a network communications solutions company, now called Connex, based in Richmond Hill, Ont.

• Also in 2009, Wintermans was the chair of the Junior Achievement of Canada Foundation, a not-for-profit organization running the Canadian Business Hall of Fame.






The Resilience of Canadian Tire more