New York | Reuters — The number of corporate employees McDonald’s Corp. plans to lay off this week will tally in the “hundreds,” a source familiar with the burger chain’s thinking said on Monday, as the company moves forward with a previously announced restructuring. The fast-food company is closing its offices “out of respect,” and […] Read more
McDonald’s reported laying off hundreds of corporate employees
Layoffs don't include restaurant-level workers
Tim Hortons, Burger King parent to hike prices
BK pulling Whopper off discount menu
Reuters — Burger King parent Restaurant Brands International said on Tuesday that it stripped its most famous sandwich, the Whopper, from discount menus and will raise menu prices again this year as to offset higher costs. U.S.-listed shares of the company rose more than three per cent after it topped results estimates for the fourth […] Read more
McDonald’s, Beyond Meat seen planning big U.S. McPlant expansion
New York | Reuters — McDonald’s Corp. is planning a major expansion of its plant-based burger with Beyond Meat Inc. in the United States in 2022, according to two Wall Street analysts. The companies began testing the “McPlant” patty in eight McDonald’s U.S. locations in November. Those restaurants have been selling enough of the sandwiches […] Read more
McDonald’s targets net greenhouse gas emissions drop
Reuters – McDonald’s Corp set a new target to cut global greenhouse gas emissions to net zero by 2050, from the beef in its burgers to the light bulbs in its restaurants. The burger chain also said it was working with the nonprofit Science Based Targets initiative (SBTi) to revamp its existing climate change targets. […] Read more
Starbucks to add more plant-based food in latest green push
Chicago | Reuters — Starbucks Corp. aims to add more plant-based food and drinks to its menu as part of the company’s latest plan to become more environmentally friendly, CEO Kevin Johnson said on Tuesday, prompting a surge in shares of Beyond Meat Inc. Over the past year, with the rise of companies including Beyond […] Read more
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