Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

McDonald’s announces plan to hire 375,000 employees this summer

by
May 13, 2025
in Editor's Pick
0
McDonald’s announces plan to hire 375,000 employees this summer

McDonald’s announced a plan to hire 375,000 employees across the U.S. this summer.

The plan, announced on Monday, is one of the fast-food chain’s largest hiring pushes in years, according to a news release. It goes hand in hand with McDonald’s goal to open 900 new restaurants in the U.S. by 2027 and its plan to serve more customers during summer months.

Joe Erlinger, McDonald’s president for the U.S., met with Department of Labor Secretary Lori Chavez-DeRemer at a location just outside of Columbus, Ohio, to announce the news. The hiring will be across McDonald’s company-owned and franchised locations, according to a company spokesperson.

The news comes amid the Trump administration’s push for businesses to invest more in the U.S. The White House reported that it secured more than $5 trillion in new investment promises in the U.S. during Trump’s first 100 days in office.

Those investments include a $500 billion plan in manufacturing by Apple, and $500 billion investment plans announced by Nvidia and by a coalition of companies including SoftBank and Oracle.

Earlier this month, McDonald’s reported its worst quarterly sales for the U.S. since the height of the pandemic in 2020.

The restaurant company reported U.S. same-store sales fell 3.6%, the largest three-month drop since Q2 2020, when they plunged 8.7%. Forecasts had been for a decline of just 1.7%.

McDonald’s executives told investors during a call that the reason for the decline was that ‘people are just visiting less,’ adding that traffic among middle-income diners fell by “nearly double digits” alongside an ongoing drop-off among low-income ones. As an example, they said more people appear to be skipping breakfast entirely to cut back on spending, or eating breakfast at home.

The fast-food chain has over 38,000 locations in over 100 countries, and is aiming for 50,000 by 2027.

This post appeared first on NBC NEWS
Previous Post

Saudis deploy mobile McDonald’s for Trump’s trip to the kingdom

Next Post

US cuts defense ties with Cuba over ‘non-cooperation’ after harboring terror fugitives

Next Post
US cuts defense ties with Cuba over ‘non-cooperation’ after harboring terror fugitives

US cuts defense ties with Cuba over ‘non-cooperation’ after harboring terror fugitives

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Rolls-Royce to invest $376 million in UK plant to focus on bespoke cars

Rolls-Royce to invest $376 million in UK plant to focus on bespoke cars

January 8, 2025
China expands scope of consumer trade-ins for home appliances

China expands scope of consumer trade-ins for home appliances

January 8, 2025
Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs

Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs

January 3, 2025
Trump meets with Syria’s interim president after pledging to lift sanctions on war-torn country

Trump meets with Syria’s interim president after pledging to lift sanctions on war-torn country

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Trump meets with Syria’s interim president after pledging to lift sanctions on war-torn country

Trump meets with Syria’s interim president after pledging to lift sanctions on war-torn country

May 14, 2025
The Great Biden Coverup: Aides debated whether to put the president in a wheelchair

The Great Biden Coverup: Aides debated whether to put the president in a wheelchair

May 14, 2025
State Department approves sale of $1.4B worth of helicopters, F-16 parts to UAE ahead of Trump’s visit

State Department approves sale of $1.4B worth of helicopters, F-16 parts to UAE ahead of Trump’s visit

May 14, 2025
Trump continues to defend Qatar gifting US $400M jet: ‘We should have the most impressive plane’

Trump continues to defend Qatar gifting US $400M jet: ‘We should have the most impressive plane’

May 14, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Trump meets with Syria’s interim president after pledging to lift sanctions on war-torn country

    Trump meets with Syria’s interim president after pledging to lift sanctions on war-torn country

    May 14, 2025
    The Great Biden Coverup: Aides debated whether to put the president in a wheelchair

    The Great Biden Coverup: Aides debated whether to put the president in a wheelchair

    May 14, 2025
    State Department approves sale of $1.4B worth of helicopters, F-16 parts to UAE ahead of Trump’s visit

    State Department approves sale of $1.4B worth of helicopters, F-16 parts to UAE ahead of Trump’s visit

    May 14, 2025
    Trump continues to defend Qatar gifting US $400M jet: ‘We should have the most impressive plane’

    Trump continues to defend Qatar gifting US $400M jet: ‘We should have the most impressive plane’

    May 14, 2025

    Top News

    Trump meets with Syria’s interim president after pledging to lift sanctions on war-torn country

    Trump meets with Syria’s interim president after pledging to lift sanctions on war-torn country

    May 14, 2025
    The Great Biden Coverup: Aides debated whether to put the president in a wheelchair

    The Great Biden Coverup: Aides debated whether to put the president in a wheelchair

    May 14, 2025

    Latest News

    • Trump meets with Syria’s interim president after pledging to lift sanctions on war-torn country
    • The Great Biden Coverup: Aides debated whether to put the president in a wheelchair
    • State Department approves sale of $1.4B worth of helicopters, F-16 parts to UAE ahead of Trump’s visit

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.