McDonald’s News: Company To Post $80-$90 Million Charges For Restructuring, Layoffs
June 14, 2018
McDonald’s Corp ( MCD.N ) plans to take $80 million to $90 million in charges during the second quarter from a restructuring at its U.S. operations that includes layoffs.
McDonald’s in a statement in its investor relations page on Monday revealed it would eliminate its regional structure and focus on field offices. It will streamline its field organization and use resources for technology and field consulting.
The company did not disclose how many employees would be laid off.