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McDonald’s to sell Russia business after pausing operations due to Ukraine war

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A view exhibits a McDonald’s restaurant in Saint Petersburg, Russia March 8, 2022.

Anton Vaganov | Reuters

McDonald’s mentioned Monday that it could promote its enterprise in Russia, slightly greater than two months after it paused operations in the country attributable to its invasion of Ukraine.

“The humanitarian disaster brought on by the warfare in Ukraine, and the precipitating unpredictable working surroundings, have led McDonald’s to conclude that continued possession of the enterprise in Russia is now not tenable, neither is it in step with McDonald’s values,” the corporate mentioned in a information launch.

McDonald’s has greater than 800 eating places and 62,000 staff in Russia. It mentioned it in search of a neighborhood purchaser.

The corporate additionally mentioned it could try to ensure its staff within the nation proceed getting paid till a deal closes, and that it could try to assist them maintain on to their jobs beneath the brand new house owners.

That is breaking information. Please test again for updates.

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