The buyouts, which would begin in July, are being extended to staff at the director echelon or higher.
A McDonald’s spokesperson would not confirm news of the offers, says Crain's, which learned details of the buyouts from two unnamed sources.
McDonald’s last year announced a plan to cut its administrative costs by about $500 million per year, a cornerstone of which involved cutting and restructuring management staff.
Reports have also been swirling that McDonald’s will move its U.S. headquarters from suburban Oak Brook, Ill., to a campus in downtown Chicago, a move that could be aided by a slimmed-down staff.
Following its sales slump in recent years, McDonald’s well-publicized turnaround efforts have been rewarded with notable sales growth.
Read the full story via Crain’s Chicago Business.
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