West’s great business retreat
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Multinational companies continue to pay at least 188,000 employees based in Russia despite pledges to suspend or end activities in the country, raising fears of mass sackings or nationalisations
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Russian-based workers* $00.0 Annual write-downs, losses
      
McDonald’s
$50 million/month  62,000 

Renault       45,000
$3.6 billion

Ikea    15,000
$1.7 billion

Shell  10,000
Up to $5 billion

Carlsberg  8,400
$1.4 billion

Adidas   7,000
$271 million

H&M      6,900
$880 million

                       
Sergei Sobyanin
Moscow mayor approves $41 million to counter job losses
       
*Selected companies as at April 19, 2022 (analysis by Financial Times)
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Sources: Bloomberg, Financial Times, Wall Street Journal Picture: Getty Images © GRAPHIC NEWS