New York, Europe Brief News – McDonald came under rising pressure to close all of its 850 stores in Russia in response to the Russian invasion in Ukraine.
McDonald finally announced on Tuesday that it will shutter all 850 stores in Russia. The move came in response to President Vladimir Putin’s assault on Ukraine.
CEO Chris Kempczinski emailed all its employees and franchisees announcing that it will temporarily close all restaurants. It also decided to pause all operations in Russia, citing the “unspeakable.
Hashtag #BoycottMcDonalds was trending over the weekend as the company refused to take a stand against Russia.
Several food and drink firms such as KFC, Burger King, Coca-Cola were criticised for staying largely silent about the war. They came under increasing pressure from social media users and leading figures to pull their business from the country.
McDonald’s was among those under pressure.
Fast-food giant McDonald’s has said it will temporarily close all of its restaurants in Russia in response to the country’s invasion of Ukraine.
The firm, along with several other global companies, has been facing threats of boycotts for failing to pull out of Russia in protest at the war.
McDonald’s has said all 850 of its restaurants in the nation will close their doors. But it will continue to pay the 62,000 people who work for them there.
McDonald’s owns 84% of its restaurants in Russia, and they contributed 9% of the company’s revenue last year.
