Following a series of losses, McDonald's has announced its turnaround plan. The company plans on reorganizing its international operations and selling some of its corporate sites to franchisees. McDonald's hopes the plan will help reverse the downward trend in sales. As part of the plan, the company will organize its overseas market by maturity in the McDonald's system - not by region. Currently, the market is split outside the US into Asia/Pacific, Europe, Africa and Middle East. The fast-food chain's chief executive, Steve Easterbrook, also admitted to some of the chain's blunders that led to its current slump.