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Thursday 6 August 2015

Info Post
McDonald's impending layoffs of 135 people at its Oak Brook headquarters are among more than 700 job cuts that Illinois companies warned the state about in July. That report was released Thursday.

The fast-food giant's affected employees will remain on the payroll until mid-September, a company spokesman said. The chain also plans to cut 90 corporate overseas jobs as it removes "organizational layers" in Europe and Asia.

The job cuts are in addition to 128 corporate layoffs the fast-food giant has announced since December, bringing the total to 353 worldwide and 263 at its headquarters. In presenting the company's turnaround plan in May, Chief Executive Steve Easterbrook said the company sought to trim $300 million in general and administrative expenses by 2017.

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