Calls for 50% rent reduction for restaurants as McDonald’s enter talks with landlords – Extra.ie

Fast-food giant McDonald’s is looking for a cut in the rents it pays to offset massive losses incurred due to enforced closures of its outlets during the lockdown.

The global burger chain described the impact of the Covid-19 pandemic – which shut all 125 of its branches here – as ‘unprecedented’.

McDonald’s move to seek lower rents temporarily from its landlords has been backed by leading voices in the restaurant sector, who feel smaller operations will also have to take such steps in a bid to survive.

Fast-food giant McDonald’s is looking for a cut in the rents it pays to offset massive losses incurred due to enforced closures of its outlets during the lockdown. Pic: Shutterstock

And one restaurant chain’s managing director has said the drastic impact of the pandemic on restaurants in terms of footfall and operations will likely last two years, adding restaurants won’t ‘survive

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