As the pandemic’s effects start to wear off, businesses resumed their activity. While some are firing people to cut costs, others hire to keep up with the demand. McDonald’s is part of the second group, as it plans to hire 260,000 people this summer in the States, as it forecasts an increase in business. The openings are a combination of full-time and part-time jobs.
At the moment, in the States, 99% of restaurants are open, while worldwide 95% reopened to some capacity. Due to the pandemic, the US sales dropped by 19% during April compared to the same period last year. For May, the sales dropped only 5%. Breakfast sales were low, which affected the quarterly earnings that were due in May. Its rival, Wendy’s, on the other side, reported significant sales on its new breakfast menu. In July, it will re-add seven items.
Due to social distancing rules, social-distancing stickers will be put on the floor, tables will be blocked off, and the self-serve beverage bar will be closed. Employees must wash their hands hourly and wear protective equipment.
McDonald’s stock lost 4% this year, while USA30 went down by 9%.
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Sources: edition.cnn.com, cnbc.com, marketwatch.com