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Business Loss Jan, 09 2015

McDonalds cuts job on falling sales

This includes a diligent review of the brands corporate home office and McDonald\'s USA structures and resources in order to redirect nearly $100 million.

By Franchise India Bureau
McDonalds cuts job on falling sales

McDonald's is cutting job at it’s headquarter based in US due to fall in the same store sales, reports Reuters.

The burger chain has fired 63 people in US following as four consecutive quarters same-store sales declines.

The job cuts are a part of a $100 million cost-cutting and restructuring effort, said McDonald’s.

Presently, the brand has over 1,700 employees at its Oak Brook, III headquarters.

"McDonald's is moving with a sense of urgency to improve the financial performance by taking actions based on the long-term," said, a Spokeswoman.

The spokeswoman added that, this includes a diligent review of our corporate home office and McDonald's USA structures and resources in order to redirect nearly $100 million in savings toward business priorities such as digital and new restaurant platforms that will support our key growth drivers.

Related: Global food prices dip to nearly 5-year low in February

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