McDon­ald's cuts 225 cor­po­rate jobs in July amid restruc­tur­ing

The Pak Banker - - COMPANIES/BOSS -

LOS AN­GE­LES: McDon­ald's Corp ( MCD. N) said on Thurs­day it laid off in July 135 em­ploy­ees at its U. S. head­quar­ters and 90 cor­po­rate em­ploy­ees posted over­seas as part of a ma­jor restruc­tur­ing at the fast-food chain, which has been fight­ing to re­verse a long sales slump.

McDon­ald's Chief Ex­ec­u­tive Steve Easter­brook in May an­nounced plans cut $300 mil­lion in costs by the end of 2017 as part of a cor­po­rate re­set that in­cludes sim­pli­fy­ing and stream­lin­ing oper­a­tions to make the com­pany more nim­ble in an in­tensely com­pet­i­tive mar­ket. "We do not take de­ci­sions that im­pact jobs lightly, but we com­mit­ted in May to im­ple­ment mean­ing­ful changes to re­set our busi­ness, re­move lay­ers and find cost ef­fi­cien­cies, and we are act­ing with a sense of ur­gency on that com­mit­ment," McDon­ald's spokes­woman Heidi Barker Sa Shekhem said in a state­ment.

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