McDonald’s Reportedly to Cut Jobs
Oak Brook, Illinois–McDonald’s Corp. will soon cut several hundred administrative jobs and is delaying plans to renovate old restaurants, according to recent news reports. The company has been struggling to overcome a year of declining sales and a burger war with competitors that has cut into revenue. McDonald’s is also delaying a $300 million renovation plan to save cash, a move that has received lukewarm responses from franchisees. –Reuters
Oak Brook, Illinois–McDonald’s Corp. will soon cut several hundred administrative jobs and is delaying plans to renovate old restaurants, according to recent news reports. The company has been struggling to overcome a year of declining sales and a burger war with competitors that has cut into revenue. McDonald’s is also delaying a $300 million renovation plan to save cash, a move that has received lukewarm responses from franchisees. –Reuters
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