Mcdonald: McDonald’s begins process of selling its business in Russia, will continue to pay employees for now IG News

Mcdonald: McDonald’s begins process of selling its business in Russia, will continue to pay employees for now

Summary

McDonald’s President and Chief Executive Officer Chris Kempzinski said, “We are exceptionally proud of the 62,000 employees who work at our restaurants, the hundreds of Russian suppliers supporting our business, and our local franchisees. Their dedication and loyalty to McDonald’s Because of this it was very difficult to take this decision.”

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US fastfood restaurant chain McDonald’s on Monday said it has begun the process of selling its Russian business, more than two months after closing its operations in Russia over the invasion of Ukraine. The company has 850 restaurants in Russia, which employ 62,000 people.

“We have a commitment to the global community and we must stick to our values,” said McDonald’s President and CEO Chris Kempczynski, referring to the iconic McDonald’s logo. McDonald’s is another major West company to pull out of Russia after the invasion of Ukraine.

still paying employees
The Chicago-based company said in early March that it was temporarily closing its stores in Russia but would continue to pay employees. The company said on Monday it was exploring the possibility of a Russian buyer hiring these workers. The company said it will continue to pay them until the sale is closed. McDonald’s did not reveal the identity of the potential buyer.

Kempzinski said, “We are extraordinarily proud of the 62,000 employees who work in our restaurants, the hundreds of Russian suppliers who support our business, and our local franchisees. Their dedication and loyalty to McDonald’s made this decision difficult to make. Was.”

Not fair to do business in Russia after Ukraine war: McDonald’s
A press release issued by the company said that the humanitarian crisis caused by the war in Ukraine and the unpredictable operating environment led McDonald’s to conclude that doing business in Russia is no longer “fair nor does it respect McDonald’s values. is in line with.

McDonald’s restaurant still closed in Ukraine
The statement further said that McDonald’s restaurants in Ukraine are still closed, while the company continues to pay full wages to its employees in the country. Simultaneously, the work of providing relief to the local people is going on under the leadership of Ronald McDonald House Charity.

McDonald’s is one of the leading global food service retailers with over 39,000 outlets in over 100 countries.
Following Russia’s invasion of Ukraine in February, several multinational groups, including Starbucks, PepsiCo and Coca-Cola, have announced their exit from the Russian market.

Expansion

US fastfood restaurant chain McDonald’s on Monday said it has begun the process of selling its Russian business, more than two months after closing its operations in Russia over the invasion of Ukraine. The company has 850 restaurants in Russia, which employ 62,000 people.

“We have a commitment to the global community and we must stick to our values,” said McDonald’s President and CEO Chris Kempczynski, referring to the iconic McDonald’s logo. McDonald’s is another major West company to pull out of Russia after the invasion of Ukraine.

still paying employees

The Chicago-based company said in early March that it was temporarily closing its stores in Russia but would continue to pay employees. The company said on Monday it was exploring the possibility of a Russian buyer hiring these workers. The company said it will continue to pay them until the sale is closed. McDonald’s did not reveal the identity of the potential buyer.

Kempzinski said, “We are extraordinarily proud of the 62,000 employees who work in our restaurants, the hundreds of Russian suppliers who support our business, and our local franchisees. Their dedication and loyalty to McDonald’s made this decision difficult to make. Was.”

Not fair to do business in Russia after Ukraine war: McDonald’s

A press release issued by the company said that the humanitarian crisis caused by the war in Ukraine and the unpredictable operating environment led McDonald’s to conclude that doing business in Russia is no longer “fair nor does it respect McDonald’s values. is in line with.

McDonald’s restaurant still closed in Ukraine

The statement further said that McDonald’s restaurants in Ukraine are still closed, while the company continues to pay full wages to its employees in the country. Simultaneously, the work of providing relief to the local people is going on under the leadership of Ronald McDonald House Charity.

McDonald’s is one of the leading global food service retailers with over 39,000 outlets in over 100 countries.

Following Russia’s invasion of Ukraine in February, several multinational groups, including Starbucks, PepsiCo and Coca-Cola, have announced their exit from the Russian market.

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