Source: Bloomberg News By Leslie Patton
McDonald’s Corp. (MCD), the world’s largest restaurant chain, will hire 70,000 people in China this year, almost doubling its workforce there, as it accelerates new store openings in the Asian nation.
On May 20, all 1,400 McDonald’s stores in China will set up recruitment tables and invite people to apply for restaurant positions, Lisa Howard, a company spokeswoman, said in an interview today. Oak Brook, Illinois-based McDonald’s first announced the openings in China yesterday, she said.
McDonald’s has about 80,000 employees in China now, Howard said. It will open as many as 250 locations there this year, compared with 200 last year, she said.
The Big Mac seller has sought to compete with Yum! Brands Inc. (YUM)’s KFC and Pizza Hut in China by opening more stores there with drive-throughs and promoting value items during lunch. McDonald’s, which also offers delivery service in China, generated about 22 percent of revenue from the Asia Pacific, Middle East and Africa region last year.
The company rose 0.5 percent to $91.43 at the close in New York. The shares have lost 8.9 percent this year.
McDonald’s has more than 33,500 restaurants worldwide.