McDonald’s Set To Close 169 Locations, Jeopardizing Thousands Of Jobs
McDonald’s announced plans Monday to close 169 franchises in India, potentially jeopardizing thousands of jobs.
The world-famous corporation plans on closing many of its franchises, due to an ongoing legal dispute with Connaught Plaza Restaurants Pvt Ltd (CPRL), one of McDonald’s partners, Reuters reported. Approximately 6,500 people are currently employed by McDonald’s-CPRL companies in India.
These franchises will have to stop using McDonald’s name, trademarks, design and recipes within 15 days of getting the notice, McDonald’s declared. Many saw the decision as a “big shock,” according to CPRL’s managing director Vikram Bakshi.
“They fell out because McDonald’s thought that Mr. Bakshi was involved in irregular siphoning activities, so they wanted him to go,” said A.S. Chandiok, a lawyer representing Bakshi who claimed that Bakshi denied partaking in such allegations.
McDonald’s will stay open in south and west India, according to The Times of India.
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