For its part, Govor agreed to keep the employees for at least two years and finance until the end of the transaction the salaries of the corporation’s workers who work in 45 regions of Russia.the company said in a statement.
The agreement still requires determining conditions, including the green light from regulatory authorities. It is expected that the final details will be finalized in the “next weeks”McDonald’s detailed, the AFP news agency reported.
Last Monday, the fast food company announced that it was putting up for sale its entire Russian portfolio of 850 restaurants where 62,000 people work and that it would record in its accounts a cost associated with this withdrawal, $1.2 billion to $1.4 billion. “Business in Russia is no longer sustainable, nor is it consistent with McDonald’s values”added the CEO of McDonald’s, Chris Kempczinski.
Two months earlier, on March 8, the company had announced that temporarily ceased its business in Russia and that also closed temporarily around its 850 restaurants, such as response to the Russian invasion.
Govor, franchisee since 2015operated 25 restaurants in Siberia; is co-founder of Neftekhimservice, a refining company; and a member of the board of directors of another firm that owns the Hotel Park Inn and private clinics in Siberia.
The company’s exit from Russia also has a great symbolic weightas it was one of the first Western brands to establish itself when it opened a branch in Moscow in 1990, just before the fall of the Soviet Union and shortly after the Berlin Wall was demolished.
Source: Ambito
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