McDonald’s aims to save $300M annually through reorganization

McDonald’s aims to save $300M annually through reorganization

Company to sell 3,500 restaurants to franchisees

McDonald’s Corp. on Monday unveiled a major reorganization of its global business in which it operates fewer company-owned restaurants and saves $300 million a year in general and administrative spending.
 
CEO Steve Easterbrook, on the job for two months, announced the comprehensive restructuring on a video posted on the company’s corporate website.
 
“No business or br

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