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31 Jan 2022

UNI Global Union

UNI Global Union renews call on banks to cut ties with Myanmar military

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UNI renews call on banks to cut ties with Myanmar military, 31 January 2022

One year after a coup d’etat ousted the democratically elected government, UNI Global Union is renewing demands on banks to divest from shareholdings in companies linked to the military junta in Myanmar.

Some 1,500 people have been killed, including more than a hundred children, since the army seized control of the country on 1 February 2021. A further 11,500 people have been arrested, including many political and trade union figures, and dozens of anti-coup activists have been sentenced to death.

On 21 January, French energy giants Chevron and TotalEnergies, became the latest companies to withdraw from Myanmar due to the worsening human rights violations and the deteriorating rule of law in the country...

UNI and its finance sector affiliates around the world have continued to lobby banks in an effort to encourage a responsible divestment from their shareholdings in companies tied to the military regime.

As the international pressure for all businesses, including those in the financial sector, to reassess their involvement in Myanmar continues to grow, we expect all banks and other financial institutions to live up to their responsibilities to protect Human Rights in Myanmar. Together with the ITUC and the rest of the global trade union movement, UNI calls on trade unions around the world to play their part in supporting the struggle for democracy in Myanmar by;

  • Donating to the fund to support democracy defenders in Myanmar.
  • Putting pressure on any company or government doing business with the military junta to cut all ties.
  • Lobbying governments and politicians to officially recognize the National Unity Government of Myanmar.