McDonald's Said To Offer Management Buyouts
According to Crain's Chicago Business, managers who received the offers at the fast food chain said several hundred of the company's office workers have received buyout offers. The packages, which are reportedly being offered to employees at the director level and above, are planned to start in July.
While a spokesperson for McDonald's did not confirm the buyouts, she said that the hamburger chain is in the midst of a turnaround plan launched by CEO Steve Easterbrook. The turnaround plan aims to save the company $500 million by the end of 2017.
McDonald's is striving to boost its U.S. sales, which declined 3 percent in 2015. It's sales in the U.S. are now benefiting from the launch in October last year of All Day Breakfast.
The company has also been caught in the national debate over raising minimum wage to $15 per hour. About 2,000 workers marched near the company's Oak Brook headquarters last month while it was holding its annual shareholders' meeting, demanding that the company raise its minimum wage to $15 an hour. (dpa)
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