BETHLEHEM (Ma'an) -- A French multinational company at the center of a global boycott campaign announced major financial losses on Thursday, a statement from Palestinian civil society groups said Monday.
The boycott, divestment and sanctions campaign targets international companies with links to illegal Israeli settlements.
"Veolia is paying the price for its involvement in Israel’s policies of occupation and apartheid against the Palestinian people," said Jamal Jumaa, coordinator of the Stop the Wall campaign.
"The company has been losing contracts left, right and center, to the tune of billions of dollars. No matter how large, no corporation can absorb such huge and sustained financial losses."
"This is bound to trigger loud discontent among Veolia's shareholders, eventually leading to a stern demand for an immediate end to the company’s complicity in illegal Israeli projects."
Veolia announced Thursday that it would scale back its operations in several countries after a surprising first-half net loss of €67.2 million, The Wall Street Journal reported. more