McDonald’s to temporarily close 850 stores in Russia

[ziggy]

McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine.

The burger giant said it will continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” But in an open letter to employees, McDonald’s President and CEO Chris Kempckinski said closing those stores for now is the right thing to do.

“Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” Kempczinski said.

Kempczinski said it’s impossible to know when the company will be able to reopen its stores.

McDonald’s has also temporarily closed 100 restaurants in Ukraine and continues to pay those employees.

McDonald’s could take a big financial hit because of the closures. In a recent regulatory filing, the Chicago-based company said its restaurants in Russia and Ukraine contributed 9% of its annual revenue, or around $2 billion.

Unlike other big fast food brands in Russia that are owned by franchisees __ including KFC, Pizza Hut and Burger King __ McDonald’s owns 84% of its Russian locations.

https://apnews.com/article/russia-uk...48c962762be3cc

[Jarod]

McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine.

The burger giant said it will continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” But in an open letter to employees, McDonald’s President and CEO Chris Kempckinski said closing those stores for now is the right thing to do.

“Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” Kempczinski said.

Kempczinski said it’s impossible to know when the company will be able to reopen its stores.

McDonald’s has also temporarily closed 100 restaurants in Ukraine and continues to pay those employees.

McDonald’s could take a big financial hit because of the closures. In a recent regulatory filing, the Chicago-based company said its restaurants in Russia and Ukraine contributed 9% of its annual revenue, or around $2 billion.

Unlike other big fast food brands in Russia that are owned by franchisees __ including KFC, Pizza Hut and Burger King __ McDonald’s owns 84% of its Russian locations.

https://apnews.com/article/russia-uk...48c962762be3cc

Wow, I’m impressed… an American corporation taking a stand that costs them!

[Yakuda]

McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine.

The burger giant said it will continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” But in an open letter to employees, McDonald’s President and CEO Chris Kempckinski said closing those stores for now is the right thing to do.

“Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” Kempczinski said.

Kempczinski said it’s impossible to know when the company will be able to reopen its stores.

McDonald’s has also temporarily closed 100 restaurants in Ukraine and continues to pay those employees.

McDonald’s could take a big financial hit because of the closures. In a recent regulatory filing, the Chicago-based company said its restaurants in Russia and Ukraine contributed 9% of its annual revenue, or around $2 billion.

Unlike other big fast food brands in Russia that are owned by franchisees __ including KFC, Pizza Hut and Burger King __ McDonald’s owns 84% of its Russian locations.

https://apnews.com/article/russia-uk...48c962762be3cc

No ruskie burgers for a while I guess huh? Back to the borscht

[ExpressLane]

McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine.

The burger giant said it will continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” But in an open letter to employees, McDonald’s President and CEO Chris Kempckinski said closing those stores for now is the right thing to do.

“Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” Kempczinski said.

Kempczinski said it’s impossible to know when the company will be able to reopen its stores.

McDonald’s has also temporarily closed 100 restaurants in Ukraine and continues to pay those employees.

McDonald’s could take a big financial hit because of the closures. In a recent regulatory filing, the Chicago-based company said its restaurants in Russia and Ukraine contributed 9% of its annual revenue, or around $2 billion.

Unlike other big fast food brands in Russia that are owned by franchisees __ including KFC, Pizza Hut and Burger King __ McDonald’s owns 84% of its Russian locations.

https://apnews.com/article/russia-uk...48c962762be3cc

Damn that is too bad. Their food is poison.

[Darla]

I'm surprised they are continuing to pay both their Russian AND Ukraine employees. That's something I wouldn't have expected to see. That's admirable.

[Yakuda]

I'm surprised they are continuing to pay both their Russian AND Ukraine employees. That's something I wouldn't have expected to see. That's admirable.

Evil capitalists

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[Hawkeye10]

I'm surprised they are continuing to pay both their Russian AND Ukraine employees. That's something I wouldn't have expected to see. That's admirable.

That wont last long.

[moon]

I foresee a Russian trend towards real food.

[Hawkeye10]

I foresee a Russian trend towards real food.

The days when they admired the West are certainly over.

[Minister of Truth]

They'll have to make do with wimpy fries now.

[Hawkeye10]

The collective punishment of the Russian people will not work out well for us.

[Legion]

McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine.

The burger giant said it will continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” But in an open letter to employees, McDonald’s President and CEO Chris Kempckinski said closing those stores for now is the right thing to do.

“Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” Kempczinski said.

Kempczinski said it’s impossible to know when the company will be able to reopen its stores.

McDonald’s has also temporarily closed 100 restaurants in Ukraine and continues to pay those employees.

McDonald’s could take a big financial hit because of the closures. In a recent regulatory filing, the Chicago-based company said its restaurants in Russia and Ukraine contributed 9% of its annual revenue, or around $2 billion.

Unlike other big fast food brands in Russia that are owned by franchisees __ including KFC, Pizza Hut and Burger King __ McDonald’s owns 84% of its Russian locations.

https://apnews.com/article/russia-uk...48c962762be3cc

Gee, I wonder who that'll hurt the most?

[Minister of Truth]

Gee, I wonder who that'll hurt the most?

Moony can't be too happy.