Mcdonalds to close almost 200 restaurants in India after franchisee terms were broken
Fast food giant McDonald's released plans this week to close down all 169 of its restaurants in the North and Eastern regions of India; escalating a dispute with its local franchise partner, potentially rendering thousands of employees out of work.
The US conglomerate said it was "obliged" to take the action as its partner Connaught Plaza Restaurants Ltd (CPRL) had broken numerous terms of their franchise agreements. The ruling by McDonald's India is the result of a long legal battle with partners that has already led to the temporary closing of over 40 restaurants starting in June this year.
The Managing Director of CPRL, told reporters that the decision came as a huge shock and the company was looking at all of the available legal options.
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