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.
McDonald's is cutting job at itâ€™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 McDonaldâ€™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.
Copyright © 2009 - 2017 Franchise India Holdings Ltd.
The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.