McDonald's to sell its Russian business, try to keep workers

5/16/2022 1:10:00 PM

McDonald's said Monday that it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people, making it the latest major Western corporation to exit Russia since it invaded Ukraine in February.

Russia-Ukraine War

BREAKING: McDonald’s says it's started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people. The fast food giant said it plans to start removing golden arches and other symbols and signs with its name.

McDonald's said Monday that it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people, making it the latest major Western corporation to exit Russia since it invaded Ukraine in February.

in February.The fast food giant pointed to the humanitarian crisis caused by the war, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.”The Chicago-based company announced in early March that it was temporarily closing its stores in Russia but would continue to pay employees. On Monday, it said it would seek to have a Russian buyer hire those workers and pay them until the sale closes. It did not identify a prospective buyer.

CEO Chris Kempczinski said the “dedication and loyalty to McDonald’s” of employees and hundreds of Russian suppliers made it a difficult decision to leave.“However, we have a commitment to our global community and must remain steadfast in our values,” Kempczinski said in a statement, “and our commitment to our values means that we can no longer keep the arches shining there.”

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This is a favour for the 🇷🇺people About f*cking time! Sanctions only hurt the people of nations. Putin will still get his Big Mac and Fries daily, and get it through his own personal drive-thru as well. Putting pressure on an already destitute people will not spark revolution. It might give China an edge, though.

'Haha good! Take that Russia!' Lol. How pathetic Welcome to DonMac's, would you like fries with your rat burger? *60% sawdust. Good. Healthy and no tacky Golden Arches. Anyway McDonald's is Clown shit ! disgusting Junk food companies should be penalized for harming peoples health. Bad move. Can't educate Russians on American capitalism without cornerstone businesses like McDonalds what next CocaCola

The life expectancy of Russians just went up.

Russia-Ukraine war: Zelenskyy warns Russian blockade could lead to food shortageUKRAINE-RUSSIA LATEST: • Russia's blockade of Ukrainian ports is provoking a food crisis, President Zelenskyy says • Mariupol officials warn of humanitarian crisis Green protesters 🪧 hit the streets! Then March to the courthouses!! 💚✅♻️ Maybe talk about this ?

Lol LiveSquawk The Big Mac to be renamed the Big Vlad… Who’s advising you to do this? GoWokeGoBroke McDonald’s. Will they be taking Rubbles or Ukrainian wheat and eggs, or hair and gold teeth from Russia's War Crimes? Not sure Russia will allow the sale tho. Was it same journalist or editor, may be the difference.

Good for Russia, they will eat healthier !!!! Who will eat all of that cardboard now?

McDonald's to Sell Its Russian Business After 32 Years; Will Try to Keep WorkersThe first McDonald's in Russia was a powerful symbol of the easing of Cold War tensions between the United States and Soviet Union.

McDonald's to sell its Russian business amid Ukraine warMcDonald's pointed to the humanitarian crisis caused by the war in Ukraine, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.”

McDonald's selling its Russian businessThe fast food giant says the humanitarian crisis caused by the war is forcing its hand. It says it's trying to have the buyer keep its 62,000 workers. Saudi Arabia about now… The Russian ministry of health will be happy.

McDonald's plans to sell its Russian businessNEW: McDonald's said it plans to sell its business in Russia after more than 30 years of operating there, citing 'the humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment.' They selling the ones in Saudi Arabia? Or does McDonald’s not care about the Yemen humanitarian crisis? Fast burgers, slow social responsibility (It really is only the second reason.)

Sony aims to sell 18 million PS5 consoles this year amid China lockdown riskSony Group Corp on Tuesday said it planned to sell 18 million PlayStation 5 consoles this business year as robust game sales helped it more than double fourth-quarter operating profit.

invaded Ukraine in February.3h ago / 12:00 PM UTC Moscow will be"forced to take retaliatory steps," if Finland joins NATO, Russia's foreign minister said Saturday.Updated 27 mins ago Getty Images McDonald's said Monday that it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people, making it the latest major Western corporation to exit Russia since it invaded Ukraine in February.Russia since it invaded Ukraine in February.

The fast food giant pointed to the humanitarian crisis caused by the war, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.” The Chicago-based company announced in early March that it was temporarily closing its stores in Russia but would continue to pay employees. “Russia will be forced to take retaliatory steps (both military-technical and other) in order to stop threats to its national security arising in this regard,” he added. On Monday, it said it would seek to have a Russian buyer hire those workers and pay them until the sale closes. On Monday, it said it would seek to have a Russian buyer hire those workers and pay them until the sale closes. It did not identify a prospective buyer. Share this - Mariupol officials warn of humanitarian crisis Artem Grudinin Jason Abbruzzese 4h ago / 10:42 AM UTC Mariupol officials are warning that a humanitarian crisis is developing in the city, which is now almost entirely occupied by Russian forces. CEO Chris Kempczinski said the “dedication and loyalty to McDonald’s” of employees and hundreds of Russian suppliers made it a difficult decision to leave. CEO Chris Kempczinski said the "dedication and loyalty to McDonald's" of employees and hundreds of Russian suppliers made it a difficult decision to leave.

“However, we have a commitment to our global community and must remain steadfast in our values,” Kempczinski said in a statement, “and our commitment to our values means that we can no longer keep the arches shining there. For the majority of Mariupol residents, it is necessary to go a long way to water supply points (barrels or water carriers),” Petro Andryushchenko, adviser to the city's Mayor Vadym Boychenko, said Saturday in a Telegram post that was translated by NBC News. Stay informed during the severe weather season with our local news and weather app.” ADVERTISEMENT As it tries to sell its restaurants, McDonald’s said it plans to start removing golden arches and other symbols and signs with the company’s name. It said it will keep its trademarks in Russia. Situation has not changed. .