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Search result with “Indonesia Textile Layoffs” as a keyword founded 71 news.
Sritex, Indonesia’s Largest Textile Firm, to Shut Down Factories on Saturday
Solo. Indonesia’s textile giant Sri Rejeki Isman ( ... than 8,500 workers. Mass layoffs have been carried out in ... was one of Indonesia’s largest and most renowned textile companies, with ... comes at a time when Indonesia’s textile and garment industry is under ...Business Feb 28, 2025 | 2:59 pm
Luhut: Indonesia Must Guard Textile Industry from China’s Export Surge
... the industry's investment growth, layoffs continue to rise. The Indonesian ... cuts in the textile sector could surge, with layoffs potentially increasing ... Sri Rejeki Isman (Sritex), Indonesia’s largest textile company, recently furloughed 3,000 employees ...Business Feb 27, 2025 | 9:57 am
Authorities Foil Smuggling of Textile Products from China
... blamed for the decline of Indonesia’s textile industry. According to Danang Girindrawardana ... Executive Director of the Indonesian Textile Association (API), approximately 180, ... revealed that 60 textile companies are planning layoffs, potentially affecting up ...Business Feb 5, 2025 | 9:20 pm
Indonesia to Possibly Revise Rule That Eases Import Curbs
... goods. Under regulation No. 8/2024, Indonesia no longer requires importers of ... blamed for the massive layoffs in the Indonesian textile industry. The government ... for the Indonesian textile industry. Sritex, a Sukoharjo-based textile giant and a company ...Business Jan 7, 2025 | 10:40 am
Indonesia’s Textile Industry Faces Layoff Surge, Up to 280,000 Jobs at Risk
... . The Manpower Ministry predicts layoffs in the textile industry could rise sharply ... revealed that 60 textile companies are planning layoffs, potentially affecting up ... regulation poses significant risks to Indonesia’s textile industry,” Noel added. Noel ...Business Dec 26, 2024 | 9:26 am
Sritex Furloughs 3,000 Employees After Bankruptcy Appeal Rejected
... Rejeki Isman (Sritex), one of Indonesia’s largest textile companies, has furloughed 3,000 ... persist, more furloughs or even layoffs may follow. Sritex plans to ... , Sritex is a major player in Indonesia’s textile industry, supplying military uniforms to ...Business Dec 21, 2024 | 10:52 am
BNI Works with Creditors to Ensure Sritex’s Continuity After Bankruptcy Appeal Rejected
... Friday. Sritex, one of Indonesia’s largest textile companies, faces significant financial ... company is seeking to avoid layoffs during this difficult period. Founded ... Sritex is a major player in Indonesia’s textile industry, supplying military uniforms to ...Business Dec 20, 2024 | 9:23 pm
Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy Ruling
... mitigate the risk of mass layoffs. “We are committed to maintaining ... operations and avoiding mass layoffs during this challenging period,” Iwan ... ’s bankruptcy comes at a time when Indonesia’s textile and garment industry is grappling ...Business Dec 20, 2024 | 3:52 pm
Indonesia Reports $3 Million Smuggled Goods in Just One Week
... attempts that could potentially cause Indonesia to lose Rp 10.3 ... Rp 4.6 trillion from entering Indonesia, many of these items are ... reported that the domestic textile industry had laid off ... also blamed the massive layoffs on imports. Textile giant Sritex not ...News Nov 14, 2024 | 2:43 pm
Sritex Avoids Layoffs Amid Bankruptcy, Furloughs 2,500 Due to Material Shortage
... has not implemented any layoffs among its 50,000 ... furloughs and could lead to layoffs. He stressed Sritex’s ... Celios attributed challenges in Indonesia’s textile industry to an influx ... as contributing to declines in Indonesia's manufacturing sector. The ...Business Nov 13, 2024 | 11:02 am
Prabowo Leads Cabinet Meeting to Address Challenges Facing the Textile Industry
... situation of Indonesia's textile industry, particularly focusing on textile giant Sri ... Deputy Minister Assures No Layoffs for 50,000 Sritex ... sector has been experiencing layoffs since May. According to ... textile factories have shut down, causing 10,800 layoffs ...Business Oct 29, 2024 | 4:37 pm
Deputy Minister Assures No Layoffs for 50,000 Sritex Workers Despite Court Ruling
... that no employees at Indonesia's largest textile company, Sri Rejeki ... Isman, better known as Sritex, will face layoffs ... there will be no layoffs. This has been agreed ... are committed to avoiding layoffs. Sritex President Director Iwan ...News Oct 29, 2024 | 9:55 am
Sritex Develops 'Grand Strategy' to Keep Business Afloat and Protect 50,000 Jobs
Jakarta. Indonesia's largest textile company, Sri Rejeki Isman ... aim to prevent potential layoffs for around 50,000 ... become one of Indonesia's oldest and largest textile companies, with facilities ... objective is to prevent mass layoffs. “President Prabowo has ...Business Oct 28, 2024 | 3:52 pm
Government Backs Sritex as Textile Giant Fights Bankruptcy
... ’s focus is to prevent layoffs and maintain operational stability. ... as it is essential to Indonesia’s textile industry,” Agus noted. The ... urging Sritex to avoid layoffs until the cassation process ... refrain from rushing any layoffs, as the legal process ...Business Oct 25, 2024 | 6:02 pm
Flood of Imports Still Haunt Indonesia’s Layoff-Hit Textile Industry
... of beyond 50 means that Indonesia’s manufacturing sector remains expansive. ... industry is facing a contraction. Indonesia managed to secure a 52. ... textile industry has been under media spotlight for its mass layoffs ... got laid off in Indonesia so far this year ...Business Oct 1, 2024 | 10:47 am
Indonesia Extends Safeguard Tariffs to Protect Struggling Textile Industry
... World Trade Organization (WTO) guidelines. Indonesia's workforce is under pressure due ... around 30 textile factories shut down, causing 10,800 layoffs from January ... ) reported nearly 50,000 layoffs in the textile and textile product (TPT) industry ...Business Aug 8, 2024 | 4:07 pm
Global Economic Slowdown Spurs Rise in Unemployment in Indonesia
Jakarta. Indonesia’s workforce is feeling the ... percent increase from 26,400 layoffs in the same period last ... is analyzing the rise in layoffs, particularly in labor-intensive ... claimed nearly 50,000 layoffs in the textile and textile products (TPT) industry ...Business Aug 7, 2024 | 8:52 pm
Distribution Chain Dominance by Chinese Imports Hurts Indonesian Textiles
... closure of many local textile companies. Redma criticized ... The decline in our textile industry isn’t about ... without government intervention, layoffs in the textile industry will increase ... percent import duty, considering Indonesia's membership in the ASEAN ...Business Jul 11, 2024 | 9:42 am
Luhut: 200 Pct Import Tariff Not Aimed at China, Under Review
... market. The Indonesian textile industry has faced significant layoffs due to the ... that the good relationship between Indonesia and our partner countries continues ... electrical machinery, equipment, and plastics. Indonesia is considering imposing a 200 percent ...Business Jul 6, 2024 | 9:39 am
Indonesia Considers Import Duties to Protect Domestic Textile and Ceramic Indutries
... , ceramics, electronics, cosmetics, finished textile goods, and footwear. “The Ministry ... explained. The Indonesian textile industry has faced significant layoffs due to the ... currently being calculated,” Zulhas concluded. Indonesia is mulling over imposing a ...Business Jul 5, 2024 | 4:30 pm
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