February 1, 2023

Taylor Daily Press

Complete News World

McDonald’s will cut jobs but also wants to open more branches | Economie

McDonald’s is cutting jobs as part of a major reorganization that should also speed up the opening of new restaurants. According to a statement from the American fast food chain, which operates around the world, various positions and employees will be re-examined in certain parts of the organization. Exactly how many jobs will disappear, and in which countries, it is not yet known.

McDonald’s wants to keep costs in check and free up money for investments in further growth. Several US companies have recently announced large layoffs due to weak consumer demand now that inflation has risen sharply. McDonald’s, the world’s largest restaurant chain by sales volume, is the first major catering group to announce this job cut.

The Bloomberg Intelligence analyst was surprised by the announcement, especially since McDonald’s has shown strong sales numbers recently. “You would expect to hear this from tech companies,” he says. “The job loss may indicate that they may be concerned about the direction the consumer is taking.”

According to the statement, McDonald’s hopes to get more clarity in April on the details of the reorganization. “Difficult discussions and decisions await us,” the book says. Hundreds of thousands of people work for the company all over the world. It is unclear whether the move will have consequences for the Belgian branch of the chain.