McDonald’s Corp. is temporarily closing all 850 Russia locations, following mounting criticism that the fast-food chain failed to act quickly following the nation’s invasion of Ukraine, reports Leslie Patton for Bloomberg News.
The company will continue paying its 62,000 employees in Russia, McDonald’s said in a letter Tuesday from Chief Executive Officer Chris Kempczinski. McDonald’s has also temporarily closed its 100 locations in Ukraine and continues to pay its employees there.
“As we move forward, McDonald’s will continue to assess the situation and determine if any additional measures are required. At this juncture, it’s impossible to predict when we might be able to reopen our restaurants in Russia,” Kempczinski said.
Source: Bloomberg News. Read the full story here
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