YANGON: Swiss food giant Nestle will halt all production in Myanmar, a spokesperson said Monday (Feb 27), the latest firm to draw back from the country after a military coup two years ago. The Southeast Asian nation has been in turmoil since the military ousted Aung San Suu Kyi's government, sparking wides
YANGON: Swiss food giant Nestle will halt all production in Myanmar, a spokesperson said Monday , the latest firm to draw back from the country after a military coup two years ago.
A raft of foreign companies has since exited the market, including oil giants TotalEnergies and Chevron, and Norwegian telecoms operator Telenor. "We will do all we can to support everyone affected by this decision," they added, without providing details about how many people Nestle employed in the country.
The economy has been battered by the fallout of the 2021 coup, with more than a million people losing their jobs, according to the International Labour Organization.
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