Thursday, December 19, 2002

The Shrinking Mac

Following the Motley's McDonald's Cuts Fat where "The company announced today that it'll shutter around 175 locations and cut 400 to 600 jobs worldwide. It will also give up capital investments in four markets and completely leave three markets, all located in the Middle East and Latin America." A local story says that they're cutting staff and that "...it would post its first quarterly loss in its 47-year history."
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