FT reports McDonald's plans 12000 jobs, 240 restaurants European Expansion

McDonald's Corp. (NYSE:MCD) will add 12,000 jobs and open 240 new restaurants across Europe this year, the Financial Times in London reported on Saturday, citing the company's president of European operations.

The fast-food chain's plans for expansion in Europe are its biggest in five years, according to the FT.

McDonald's will hire 50 people at each of the 240 new restaurants, mostly in Spain, France, Italy, Russia, and Poland, the newspaper said.

The fast-food company also plans to add about 400 new McCafes to the 800 it already has in Europe this year, the report said.