1 month ago
33
December 23, 2024 | 05:55 pm
TEMPO.CO, Jakarta - Deputy Minister of Manpower Immanuel Ebenezer expressed suspicion regarding the bankruptcy of PT Sri Rejeki Isman Tbk or Sritex. “We suspect that in this bankruptcy process, there is the hand of Satan at play,” he said at his office on Monday, December 23, 2024.
Noel, as he is commonly known, emphasized that Sritex itself had no intention of filing for bankruptcy and, in fact, was actively seeking to maintain its operations and re-employ its workforce.
“Usually, companies file for bankruptcy to avoid obligations, such as severance pay. However, Sritex did not. Sritex did not want to go bankrupt,” Noel added.
Despite his concerns, Noel emphasized his respect for the Supreme Court's decision, acknowledging its legal authority. He assured that the Ministry of Manpower would prioritize the protection of Sritex workers, particularly by minimizing the risk of mass layoffs.
“In our opinion, layoff is a poor step. There must not be layoffs,” said Noel.
Furthermore, the Ministry of Manpower will prepare several several measures to support affected workers. These measures include the Job Loss Guarantee (JKP) program, assistance in finding new employment opportunities, and providing access to job training programs through the Job Training Center. “So we can minimize the impact of these layoffs,” he added.
As previously reported, the Supreme Court on Wednesday, December 18, 2024, rejected Sritex's cassation request, affirming the Semarang Commercial Court's earlier decision to declare the textile company bankrupt.
Editor’s Choice: Sritex Officially Bankrupt, Coordinating Minister Airlangga: 'There Will Be Special Efforts to Save It'
Click here to get the latest news updates from Tempo on Google News
Sritex Officially Bankrupt, Coordinating Minister Airlangga: 'There Will Be Special Efforts to Save It'
21 jam lalu
Indonesia's Coordinating Minister Airlangga Hartarto responded to the Supreme Court's decision to reject the cassation appeal of PT Sritex.
Sritex to Pursue Judicial Review After Supreme Court Rejects Cassation
2 hari lalu
Sritex stated the company's respect for the Supreme Court's decision to reject its cassation application regarding the bankruptcy ruling.
Indonesia's BPS Records Textile Imports Increased, Mostly from China
6 hari lalu
The Central Statistics Agency (BPS) noted an increase in imports of ready-to-wear clothing and textiles entering Indonesia.
VAT Hike to Drive Up Textile Prices by 21.6%, Says Association
28 hari lalu
Textile entrepreneurs warned that the additional costs incurred by producers due to the VAT hike to 12% will be passed on to consumers.
Economists Find Unrecorded Garment Imports from China Worth Rp4.2tn
32 hari lalu
Economists uncovered a discrepancy in the recorded imports of garment and textile products from China to Indonesia between 2004 and June 2024.
Sritex Ensures Commitment to 2,500 Furloughed Employees
37 hari lalu
Sritex management is now in the hands of four curators and one supervising judge.
Three Government Proposals to Rescue Sritex from Bankruptcy
38 hari lalu
The government is working to rescue PT Sri Rejeki Isman Tbk or Sritex from a massive wave of layoffs due to the company's liquidation process.
Tough Measures to Save Sritex
45 hari lalu
The move by President Prabowo Subianto to save Sritex could well lead to corruption. A smart strategy is needed to rescue collapsing companies.
The Vicious Circle of Judicial Mafia
48 hari lalu
With the Supreme Court's judicial mafia, when one branch is lopped off, another 10 grow in its place. It needs to be comprehensively cleaned up.
Apindo Urges Govt to Revive PPh 21 DTP to Save Textile Industry
53 hari lalu
Apindo proposes that the government reinstates the Income Tax 21 State-Provided (PPh 21 DTP) incentives to save the labor-intensive industry currently experiencing a contraction.
