McDonald’s left the Russian market after 30 years of operation

McDonald’s A decision that will mean an occasional fee for the multinational, which will leave Russia after more than 30 years of operation and start selling its 850-building restaurant network. 1.2 and 1.4 billion dollars (between 1,150 and 1,340 million euros), as announced by the company.

At the beginning of March, as a result of the war in Ukraine, the multinational ‘golden belts’ confirmed. “Temporary closure” of 850 restaurants in RussiaIt suspended its activities in the country with 62 thousand employees.

Now, company definitively decides to leave Russia, According to him, the humanitarian crisis caused by the war in Ukraine and the unpredictable work environment that precipitated it led him to conclude: “Business continuity in Russia is no longer sustainable and is not consistent with McDonald’s values.”

As part of McDonald’s decision to quit, the company is trying to sell its entire portfolio of McDonald’s restaurants in Russia to a local buyer.

McDonald’s Priorities including trying to ensure that workers in Russia continue to receive salaries will have future employment with any potential buyer and until the closing of any transaction.

“We exceptionally proud of our 62,000 employees working in our restaurants, along with hundreds of our Russian suppliers and local dealers supporting our business. Your dedication and commitment to McDonald’s makes today’s announcement extremely difficult. However, we are committed to our global community and we must stay true to our values,” said Chris Kempczinski, Chairman and CEO of McDonald’s.

Source: Informacion

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