CNN – The world’s second largest fashion retailer told CNN on Thursday that it had been “monitoring the latest developments in Myanmar very closely and we see increased challenges to conduct our operations according to our standards and requirements.” “After careful consideration we have now taken the decision to gradually phase out our operations in Myanmar,” said a company spokesperson.The decision by the Swedish clothing retailer could affect tens of thousands of workers in Myanmar, which was rocked by a military coup in February 2021. As of March, H&M sourced from 41 factories with nearly 42,000 workers in the country, according to company figures.
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