Posted on 03/08/2022 10:23:21 AM PST by marcusmaximus
McDonald’s announced Tuesday it will temporarily close 850 locations in Russia, nearly two weeks after Russian forces invaded Ukraine.
CEO Chris Kempczinski wrote in a letter to franchisees and employees that the chain will pause all operations in Russia. However, it will continue to pay its 62,000 Russian employees, and its Ronald McDonald House Charities will continue to operate.
In recent days, the fast-food giant has drawn criticism for staying silent on the war, given its relatively large Russian footprint. McDonald’s restaurants in Russia and Ukraine account for 2% of its systemwide sales, roughly 9% of its revenue and 3% of its operating income.
McDonald’s has long played a symbolic role in Russia as well. The chain opened its first location in the Soviet Union 32 years ago in Moscow, months before the state collapsed.
About 84% of McDonald’s Russian locations are owned by the company, while the rest are operated by franchisees.
(Excerpt) Read more at cnbc.com ...
Biden closed McDonald’s here in America two years ago. There isn’t one in Memphis with its doors open as of today.
I hope the government seizes all of them. McDonalds is basically a real estate investment company.
Where are the companies boycotting the country who is actively committing genocide? hmmm..
Watch the health of the Russians dramatically improve now.
This is getting weird
McDonald’s closed in Russia because of intense pressure from the US media and government. Another chain was also recently closed for the same reason.
Corporations should be resisting government pressure, but I can understand that it is difficult, especially since McDonalds is under heavy attack by the US elites anyway.
I don’t particularly like the food and I eat it only on long drives. I wouldn’t live on it, but it’s pretty good for what it is, predictable, and shouldn’t be a political football.
Did any McDonalds close when China released a plague on the entire globe or when NATO destroyed Libya ?
OH NOES now people wont die of obesity in Russia the horror
Hey. They can close all of their stores here in Texas for all I care. Do we need to invade Oklahoma to get it done?
Why temporary?
Yeah I’ve heard when purchasing a franchise from McDs they retain ownership of the property.
I’m no businessman but personally that doesn’t sound like a good deal.
Good to see these companies taking a bold, decisive moral stand after they spend two weeks (and probably lots of focus groups) figuring out what that would be.
Haven’t been into a McDs in years.....but if I ever have the overwhelming urge for bad service from an all minority serve staff that have attitudes towards White folks that’d be the 1st place I’ll go.
You bought into that line?
...and, instantly, thousands of workers lose their jobs. They have no voice in the Russian policies of Putin. Once again, the peasants are royally screwed by their leaders.
I fear we’re forgetting some of the circumstances that led up to WWII (what was being done to Germany) and are creating similar circumstances in Russia.
Not sure buy I just receivrd a tweet that the restaurants may just be temporarily freed, from paying McDonalds.
Gleb Bazov @gbazov tweet just now.
Long term they are hurting themselves by this. They are going to get shut out of the new Russia/China/India/South America economic trading block.
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