IKEA stores owner Ingka to pay Russia staff through August [Reuters]
McDonald's Corporation (MCD)
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Source: Reuters
The world's biggest furniture brand in early March said it would temporarily close stores and pause sourcing in Russia, citing supply chain disruption and challenging trading conditions due to Russia's invasion of Ukraine. At that time, it said all affected staff would be paid, in roubles, at least through May. read more "We have managed to prolong that to six months," Ingka's Retail Manager Tolga Oncu told Reuters. "We keep monitoring, analysing, looking at what's happening and will make decisions as we go forward." A flood of Western companies have paused operations in Russia due its invasion of Ukraine and the resulting sanctions against Moscow, and a growing number of businesses have flagged they will exit the country indefinitely. read more Firms including McDonalds (MCD.N) and Renault (RENA.PA) , have said they will continue to pay staff in Russia for the time being. Russia has warned it may nationalise foreign businesses that have shelved operations in the country. I
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MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/18/24 - Form PX14A6G
- 4/9/24 - Form PX14A6G
- 4/8/24 - Form DEFA14A
- MCD's page on the SEC website