Last year was one of the most serious tests for the Russian labor market after the COVID-19 pandemic. The launch of a special military operation, the exit of foreign companies and two waves of relocation have created unprecedented uncertainty for both workers and employers. But the Russian labor market went through these difficulties much more easily than expected at the beginning of 2022, Aleksey Zakharov, president of the SuperJob job search and recruitment service, is sure. Mobilization and relocation had practically no effect on the number of employees of large companies – in total, they affected 0.5-1% of their total number of employees, he said in an interview with Vedomosti.
Deficit
[백브리핑AI] Dongwon promotes acquisition of McDonald’s Korea…”Strengthening the restaurant distribution sector”
[인포스탁데일리=원주호 기자] Dongwon plans to take over McDonald’s Korea.
Dongwon Industries’ strategy is to diversify its business portfolio by strengthening the restaurant distribution business through the acquisition of McDonald’s.
It is also predicted as part of the governance reorganization.
A media outlet reported that Dongwon Industries participated solely in the preliminary bidding for the acquisition of McDonald’s Korea.
It is said that the first due diligence was conducted last week and full-scale price negotiations have begun.
The two sides are known to have held working-level negotiations on detailed conditions such as price and operation method several times prior to the main bidding.
The acquisition price of McDonald’s is expected to be around 500 billion won in the market.
If Dongwon acquires McDonald’s exclusive business rights, McDonald’s will receive a 5% royalty.
Dongwon reorganized the group’s governance structure through the acquisition of McDonald’s, and it is the first large-scale investment.
Dongwon is determined to emerge as a comprehensive living industry company by strengthening the restaurant business through participation in this acquisition.
It is a strategy to acquire large global franchises and develop capabilities in the restaurant sector by utilizing the experience of rapidly expanding the business territory through active mergers and acquisitions (M&A).
The problem is that McDonald’s Korea has recorded losses for the past three years in a row.
In the last 2021 years, sales achieved the largest scale with 8679 billion won, but the business loss recorded 278 billion won.
This is because costs such as outsourcing services, raw material costs, labor costs, and replacement of cooking utensils have increased.
Reporter Won Joo-ho nm13542@infostock.co.kr
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