• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Business and Economics Business

Coca-Cola, Starbucks and McDonald’s suspend operations in Russia

McDonald's said it would continue to pay the 62,000 employees in Russia although the company “cannot ignore the needless human suffering unfolding in Ukraine”.

Joe Mellor by Joe Mellor
2022-03-09 16:19
in Business
Credit;PA

Credit;PA

FacebookTwitterLinkedinEmailWhatsapp

Coca-Cola, Starbucks, and McDonald’s have suspended operations in Russia in response to its invasion of Ukraine.

The three major brands all announced the move within hours of each other on Tuesday.

In a statement posted to its website, Starbucks announced it is “suspending all business activity in Russia”.

The company said that its partner, Alshaya Group, which operates more than 100 cafes in Russia, will “provide support to nearly 2,000 partners in Russia who depend on Starbucks for their livelihood”.

Starbucks chief executive Kevin Johnson said in a statement posted on the website that the company condemns “the horrific attacks on Ukraine by Russia and our hearts go out to all those affected”.

He said: “We continue to watch the tragic events unfold and, today, we have decided to suspend all business activity in Russia, including shipment of all Starbucks products.

“Our licensed partner has agreed to immediately pause store operations and will provide support to the nearly 2,000 partners in Russia who depend on Starbucks for their livelihood.

“Through this dynamic situation, we will continue to make decisions that are true to our mission and values and communicate with transparency.”

It came just hours after McDonald’s announced the temporary closure of all restaurants in Russia in 850 different communities.

RelatedPosts

Corporate Catering Ideas 2025: Fresh Ideas for Feeding Your Team

Martin Lewis urges people born between 1986 and 2007 to put £1 in this bank account ‘ASAP’

Trump unveils $499 gold mobile phones for ‘real Americans’

Shops could be forced to accept cash in future

In an article shared to the fast food giant’s website on Tuesday – which was originally sent to employees and franchisees by email – CEO Chris Kempczinski said: “The conflict in Ukraine and the humanitarian crisis in Europe has caused unspeakable suffering to innocent people.”

Mr Kempczinski said it would continue to pay the 62,000 employees in Russia although the company “cannot ignore the needless human suffering unfolding in Ukraine”.

Salary

He said: “McDonald’s has decided to temporarily close all our restaurants in Russia and pause all operations in the market.

“We understand the impact this will have on our Russian colleagues and partners, which is why we are prepared to support all three legs of the stool in Ukraine and Russia.

“This includes salary continuation for all McDonald’s employees in Russia.”

Coca-Cola later announced it would also be suspending its business in Russia.

In a statement on the company website, the drinks giant said: “The Coca-Cola Company announced today that it is suspending its business in Russia.

“Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine.

“We will continue to monitor and assess the situation as circumstances evolve.”

Related: Russia will soon default on its debt, credit ratings agency warns

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← Shapps says the UK’s management of refugee crisis is down to Ukraine’s wishes ← ‘We pay Charles more than £22m:’ Anger as Andrew’s big brother bankrolls sex abuse payout
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->