McDonald’s leaves Russia for good after 30 years there because of war in Ukraine
The hamburger and fast food chain, McDonalds, is ceasing operations in Russia after 30 years of activity in the country. Now begins a process of sale of restaurants, consisting of 850 locations, according to a statement from the restaurant chain. It is a decision that will involve a charge of between 1,150 and 1,340 million euros for the multinational, according to the company’s announcement.
Days after the invasion of Ukraine 2022 began, McDonald’s took the decision to temporarily stop its activity in the country. Almost three months after the start of the war in Ukraine, the company decided to leave Russia for good, since, in its opinion, the humanitarian crisis caused by the war in Ukraine and the unpredictable operating environment that precipitates it have led it to conclude that “business continuity in Russia is no longer sustainable, nor is it consistent with McDonald’s values.”
“The humanitarian crisis caused by the war in Ukraine and the unpredictable environment for operating there have led McDonald’s to conclude that the business in Russia is no longer sustainable, nor is it consistent with McDonald’s values.
Now, the company wants to ensure that McDonald’s employees in Russia continue to be paid until the closing of any transaction and have future employment with any potential buyer.
“We are exceptionally proud of the 62,000 employees who work in our restaurants, along with the hundreds of Russian suppliers who support our business, and our local franchisees. Their dedication and loyalty to McDonald’s make today’s announcement extremely difficult. However, we have a commitment to our global community and we must remain steadfast in our values,” says McDonald’s President and CEO Chris Kempczinski.