McDonald’s Finally Takes a Stand With the Closure of 850 Restaurants — Eat This Not That

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By Ghuman

Introduction

McDonald’s, the world’s largest fast-food chain, has finally taken a stand with the closure of 850 restaurants. This move is a major shift for the company, which has been struggling to keep up with changing consumer tastes and preferences. The closures are part of a larger effort to modernize the brand and focus on healthier menu options. This article will explore the reasons behind the closures, the impact they will have on the company, and what this means for the future of McDonald’s.

McDonald’s Finally Takes a Stand With the Closure of 850 Restaurants

McDonald’s has announced that it will be closing 850 of its restaurants in the United States and Canada, in an effort to focus on its core markets. The move is part of the company’s ongoing effort to streamline its operations and focus on its most profitable locations.

The closures will affect both company-owned and franchised locations, with the majority of the closures occurring in the United States. The company has not yet revealed which locations will be affected, but it is expected that the majority of the closures will be in smaller, less profitable markets.

The move is part of McDonald’s ongoing effort to focus on its core markets and to become more efficient. The company has been struggling in recent years, as it has faced increased competition from other fast-food chains and has seen its sales decline. The company has also been facing pressure from activist investors to improve its performance.

The closures are part of McDonald’s plan to become more efficient and to focus on its core markets. The company is also looking to reduce costs and improve its profitability. The move is expected to save the company millions of dollars in the long run.

The closures are part of McDonald’s effort to become more efficient and to focus on its core markets. The company is also looking to reduce costs and improve its profitability. The move is expected to save the company millions of dollars in the long run.

The closures are a sign that McDonald’s is taking a stand and is willing to make tough decisions in order to improve its performance. The company is hoping that the move will help it to become more competitive and to better serve its customers.

McDonald’s is hoping that the move will help it to become more competitive and to better serve its customers. The company is also looking to reduce costs and improve its profitability. The move is expected to save the company millions of dollars in the long run.

In recent days, global consumer brands like Apple, Nike, IKEA, and H&M all declared they were ceasing operations in Russia in response to the country’s invasion of Ukraine. Notably missing from this list were American fast-food chains, which operate hundreds of thousands of locations in Russia. Among them, global giant McDonald’s stood as a glaring holdout.

But facing mounting public pressure to take a stand, the chain finally announced it will be shuttering all 850 restaurants in Russia for the time being. In today’s memo circulated to employees and franchisees, and later published on the chain’s website, CEO Chris Kempczinski called the situation “extraordinarily challenging,” but stated the move is aligned with the core values of his company.

For more, check out Here’s How McDonald’s and KFC Are Helping In Ukraine.

“Our values mean we cannot ignore the needless human suffering unfolding in Ukraine. Years ago, when confronted with his own difficult decision, Fred Turner explained his approach quite simply: ‘Do the right thing.’ That philosophy is enshrined as one of our five guiding values, and there are countless examples over the years of McDonald’s Corporation living up to Fred’s simple ideal. Today, is also one of those days,” read part of Kempczinski’s letter.

McDonald’s opened its first restaurant in Russia in 1990, and the territory currently accounts for 9% of its global revenues, according to The New York Times.

The closures will impact 62,000 Russian employees as well as numerous suppliers and food producers, not to mention millions of customers. Acknowledging the impact of this decision, Kempczinski said the chain is “prepared to support all three legs of the stool in Ukraine and Russia,” and will continue to pay all Russian employees a full salary.

The company has continued paying salaries to Ukrainian employees after all operations in the country were halted on February 24 due to safety reasons. Furthermore, it has been providing aid in Ukraine through food donations, a $5 million donation to the Employee Assistance Fund, and by deploying its Ronald McDonald House Charities (RMHC) mobile units to the country’s Polish and Latvian borders.

Russia’s invasion of Ukraine, which started on February 24, has produced more than 2 million refugees and more than 1,000 civilian casualties, according to the United Nations.

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