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More firms leave Burma

More firms leave Burma
Nov 02, 2007
Two household name companies – Rolls-Royce and Cartier – are to quit Burma as a result of the recent brutal clampdown on democracy campaigners there.
British engineering company Rolls-Royce announced it would ‘cease all business’ in Burma, also known as Myanmar, in view of the repression by the military junta during October.
It is returning to Myanmar Airways two engines awaiting overhaul at one of its UK facilities and is ending the contract for repair work, as well as an aircraft leasing arrangement for a Burmese airline.
‘At that point Rolls-Royce will have no further involvement in Burma and will not be seeking any further business,’ the company declared, adding that its work connected with Burma contributed only ‘a few tens of thousands of pounds’ to its £7billion ($14bn) annual turnover. The company took similar action in the summer when it announced its intention to ‘progressively withdraw’ from any contracts it has in Sudan (EP9, issue 2, p7).

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