McDonald’s leaves Russia. The popular fast food chain has begun the process of selling its business in the country, which will mean losses of 1,400 million dollars. The company claims that having its brand in Russia “is no longer sustainable or consistent with its values.”
In the more than 32 years that they have been in Russia, McDonald’s has opened 850 stores which are now for sale. More than 62,000 people they were employed there, being the last major Western corporation to leave Russia.
In March, McDonald’s announced that it was temporarily closing its stores in Russia, but would continue to pay its employees. This Monday, they have transferred their intention that a Russian buyer hire their workers and pay them until the sales are closed, according to the AP agency.
CEO Chris Kempczinski says the “dedication and loyalty to McDonald’s” from employees and hundreds of Russian suppliers made the decision to leave a difficult one. “However,” he adds, “we have a commitment to our global community and must remain steadfast in our values,” he said in a statement. “Our commitment to our values means that we can no longer keep the arches shining there“, ditch.