• Graphic: Withdrawal symptoms: employees and the exodus to Russia
Following the introduction of sanctions against Russia by a large number of countries, more than 330 companies have announced their withdrawal or suspension of their activities in this market, according to the Yale School of Management. With a wide range of measures, from the partial or temporary suspension of their operations to the closure of offices and permanent exit from the country, this list includes some of the most renowned companies globally. Some of them, in fact, are responsible for tens of thousands of jobs, like McDonald’s. The fast food chain announced on Tuesday the temporary closure of its nearly 850 restaurants in Russia, although it will continue to retain its 62,000 employees.
Another significant example is PepsiCo, whose management has decided to suspend sales of Pepsi-Cola and other soft drink brands like 7Up in Russia, but will continue to offer essential products like milk and baby food. The company, which has been operating in Russia for more than six decades, has approximately 20,000 employees in the Russian market.
Ikea has decided to suspend production and sales in Russia and Belarus, except for the company’s “MEGA” malls operated by the brand, which will remain open to ensure access to basic necessities. Even so, this measure will affect the employment situation of 15,000 employees at Ikea’s 17 locations in Russia. In this infographic, we have compiled ten major companies that have announced suspension of operations or withdrawal from Russia. Together, these ten companies alone represent more than 125,000 workers in the country.