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Search result with “Mass Layoffs In Textile Industry” as a keyword founded 30 news.

Prabowo Gathers Indonesian Tycoons for Talks on Danantara

... the textile industry also came up in the discussions. Indonesia's textile industry ... of cheap imports and mass layoffs. Aguan owns Agung ... conglomerate which has invested in Indonesia's new capital ... Graha Network which operates in the financial services, ...
Business Mar 7, 2025 | 9:03 am

Factories Struggle as Indonesia Faces Industrial Challenges in 2025

... on their future. Bapintri In the textile sector, Bapintri (Mbangun Praja ... Industri) in Cimahi has ceased operations ... mass layoffs in 2025 highlights the growing difficulties faced by Indonesia’s manufacturing industry ...
Business Mar 5, 2025 | 6:18 pm

Sritex, Indonesia’s Largest Textile Firm, to Shut Down Factories on Saturday

... workers. Mass layoffs have been carried out in three stages ... largest and most renowned textile companies, with production ... time when Indonesia’s textile and garment industry is under pressure, ... Despite these challenges, the textile industry remains a vital non- ...
Business Feb 28, 2025 | 2:59 pm

Sritex Furloughs 3,000 Employees After Bankruptcy Appeal Rejected

... one of Indonesia’s largest textile companies, has furloughed 3,000 ... the measure is not a mass layoff but a response to ... more furloughs or even layoffs may follow. Sritex plans ... is a major player in Indonesia’s textile industry, supplying military uniforms to ...
Business Dec 21, 2024 | 10:52 am

Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy Ruling

... , given its pivotal role in Indonesia’s textile industry and its large workforce. ... of mass layoffs. “We are committed to maintaining operations and avoiding mass layoffs ... to contributing to the national textile industry.” Sritex’s bankruptcy comes at a ...
Business Dec 20, 2024 | 3:52 pm

Sritex Develops 'Grand Strategy' to Keep Business Afloat and Protect 50,000 Jobs

... of Indonesia's oldest and largest textile companies, with facilities across several ... cities and regencies in Central Java. The company has ... to prevent mass layoffs. “President Prabowo has instructed the Ministry of Industry, Ministry ...
Business Oct 28, 2024 | 3:52 pm

Flood of Imports Still Haunt Indonesia’s Layoff-Hit Textile Industry

... measures the manufacturing sectors’ confidence in the economy. This index is ... . The Indonesian textile industry has been under media spotlight for its mass layoffs. According ... used to work in the processing industry, which included textile, garment, and ...
Business Oct 1, 2024 | 10:47 am

Chinese Textile Giant to Invest in Indonesia Amid Mass Layoffs

... textile giant would build a factory in Indonesia. His announcement came amid mass layoffs within ... factory],” Luhut said. The Indonesian textile industry is currently suffering waves of ... Unions (KSPN), nearly 50,000 textile industry workers have been laid off ...
Business Jun 26, 2024 | 3:39 pm

Experts Warn of Further Textile Layoffs Due to Relaxed Import Rules

... in the textile industry have been laid off. Experts foresee a second wave of mass layoffs ... textile industry will suffer further, leading to more mass layoffs. "The potential for further layoffs ...
Business Jun 14, 2024 | 9:25 am

Textile Industry Crisis: Factory Closures and Nearly 14,000 Layoffs Due to Imported Goods

... the closure of several textile companies and significant layoffs in Indonesia. With nearly ... people have been laid off in Indonesia's textile industry due to plummeting orders ... confidence. "However, if layoffs are not disclosed, mass layoffs may be dismissed as ...
Business Jun 13, 2024 | 10:28 am