McDonald's Shuts 15 Stores in Taiwan
Oak Brook, Illinois--McDonald's Corp. has closed 15 restaurants in Taiwan. The Chinese language Chinese Times reported that McDonald's unexpectedly closed 15 of its restaurants island-wide, cutting 390 jobs. It was the largest scale-back of operations by the company since it first opened in Taiwan in 1984, according to the Times report.
In early November, McDonald's announced that it would close approximately 175 underperforming restaurants in 10 countries, and eliminate 400 to 600 positions to control costs and reallocate resources. -Dow Jones Business News
Entrepreneur Editors' Picks
-
Formerly Enslaved Black Man Nearest Green Taught Jack Daniel Everything He Knew About Whiskey. Today, the Founder of Uncle Nearest Premium Whiskey Celebrates His Legacy.
-
Leadership Lessons From the Exclusive Creativity School That 'Packs 5 Years Learning Into 5 Days'
-
3 Expert-Backed Strategies for Staying Calm in Times of Confrontation
-
The CEO of Wayfair Has Helped Revolutionize Digital Shopping for 20 Years. Here's How He Handles Rocky Economic Conditions.
-
This Founder Went to Prison When He Was 15 Years Old. That's Where He Came Up With the Idea for a Company Now Backed By John Legend.
-
3 Signs You're Letting Pride Get in the Way of Being Successful
-
Chip and Joanna Gaines and Shonda Rhimes Found Incredible Success By Using This One Entrepreneurial Strategy. Here's How You Can Too.