Over 10,000 employees jobless after McDonald`s plans to shut 169 stores in India

  • | Tuesday | 22nd August, 2017

McDonald`s has decided to shut down 169 stores in India. Ahead of festival season, this has put over 10,000 people in stress since they will be out of jobs. McDonald`s has been engaged with a protracted legal battle with Bakshi since 2013, when he was ousted as the CPRL`s MD over alleged misuse of funds.

McDonald`s has decided to shut down 169 stores in India. Ahead of festival season, this has put over 10,000 people in stress since they will be out of jobs. McDonald`s has been engaged with a protracted legal battle with Bakshi since 2013, when he was ousted as the CPRL`s MD over alleged misuse of funds. CPRL is a 23-year-old 50:50 joint venture (JV) between Vikram Bakshi and McDonald`s India. The US burger chain, which has a presence in around 119 countries, said on Monday that it was terminating its agreement with Connaught Plaza Restaurant (CPRL) due to alleged breach of franchise agreements. This means CPRL, which runs McDonald`s operations in north and east India, including Delhi, will not be able to use the chain`s logo, branding, trademarks and recipes within 15 days of receiving the termination notice. 


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