McDonald's To Invest in Mexico
Jan. 08, 1998
MEXICO CITY (AP) _ McDonald's Sistemas de Mexico SA, a subsidiary of the U.S.-based restaurant company McDonald's International, announced Wednesday it will invest $300 million between 1998 and the year 2000 to build an additional 100 restaurants.
James R. Cantalupo, company president and chief executive officer said told a news conference after meeting with Mexican President Ernesto Zedillo, that McDonald's expects to create 5,000 new jobs in Mexico with the expansion program.
McDonald's currently operates 131 restaurants in Mexico that employ 7,000 workers. It opened its first restaurant in the country 12 years ago.
McDonald's operates restaurants in 109 countries.