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Search result with “Textile Industry Layoffs” as a keyword founded 61 news.

Indonesia Reports $3 Million Smuggled Goods in Just One Week

... picture of the Indonesian domestic industry. Imported textiles are typically sold ... Unions reported that the domestic textile industry had laid off at least ... also blamed the massive layoffs on imports. Textile giant Sritex not long ...
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 ... ’s commitment to supporting the textile industry,” Immanuel said. The think ... attributed challenges in Indonesia’s textile industry to an influx of ...
Business Nov 13, 2024 | 11:02 am

Prabowo Leads Cabinet Meeting to Address Challenges Facing the Textile Industry

... of Indonesia's textile industry, particularly focusing on textile giant Sri Rejeki ... 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

... textile company, Sri Rejeki Isman, better known as Sritex, will face layoffs ... there will be no layoffs. This has been ... textile sector operational and preventing any company in the industry ... 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, better ... of Indonesia's oldest and largest textile companies, with facilities across several ... prevent mass layoffs. “President Prabowo has instructed the Ministry of Industry, Ministry ...
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. ... is essential to Indonesia’s textile industry,” Agus noted. The Manpower ... 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

... May. “Even so, the overall textile industry has yet to recover since ... Indonesian textile industry has been under media spotlight for its mass layoffs. According ... work in the processing industry, which included textile, garment, and footwear. Think ...
Business Oct 1, 2024 | 10:47 am

Indonesia Extends Safeguard Tariffs to Protect Struggling Textile Industry

... the competitiveness of the domestic textile industry. The extension of these import ... nearly 50,000 layoffs in the textile and textile product (TPT) industry from January ... largest concentration of the textile industry, have seen the highest number of layoffs.
Business Aug 8, 2024 | 4:07 pm

Global Economic Slowdown Spurs Rise in Unemployment in Indonesia

... acquire skills aligned with industry demands and highlighted the ... analyzing the rise in layoffs, particularly in labor-intensive ... 50,000 layoffs in the textile and textile products (TPT) industry from ... concentration of the textile industry is located.
Business Aug 7, 2024 | 8:52 pm

West Java Layoffs: Bahlil Lahadalia Points to Factory Moves and Shutdowns

... two main factors driving layoffs in West Java. Firstly ... ,000 layoffs in the textile and textile products (TPT) industry from ... largest concentration of the textile industry is located. "This ... central to the textile industry's largest operations," Ristadi ...
Business Jul 29, 2024 | 7:02 pm

Distribution Chain Dominance by Chinese Imports Hurts Indonesian Textiles

... ineffective. Post-Covid-19, the textile industry saw 8 percent growth in Q1 ... offline. The decline in our textile industry isn’t about purchasing power,” he ... that without government intervention, layoffs in the textile industry will increase. He advised ...
Business Jul 11, 2024 | 9:42 am

Luhut: 200 Pct Import Tariff Not Aimed at China, Under Review

... safeguard (BMTP) for certain textile products, which has already ... . The Indonesian textile industry has faced significant layoffs due to the ... job cuts in the textile industry by early June this ... imports. President Joko summoned Industry Minister Agus Gumiwang to ...
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 ... The Indonesian textile industry has faced significant layoffs due to the ... job cuts in the textile industry by early June ... . President Joko summoned Industry Minister Agus Gumiwang to ...
Business Jul 5, 2024 | 4:30 pm

Expert Urges Gov’t to Protect Petrochemical Industry from Import

... measures against textile products amid massive layoffs in the industry. While such ... includes the petrochemical industry. The petrochemical industry encompasses plastic production ... Olefin, Aromatic and Plastic Industry Association (Inaplas) blamed the ...
Special Updates Jul 3, 2024 | 4:07 pm

Kadin Urges Stakeholder Input on 200 Pct Import Duty for Chinese Goods

... Indonesian Chamber of Commerce and Industry (Kadin) has taken a ... "Jokowi" Widodo summoned Industry Minister Agus Gumiwang to the ... . The Indonesian textile industry has faced significant layoffs due to the ... job cuts in the textile industry by early June this ...
Business Jul 3, 2024 | 11:44 am

Jokowi Sets Two-Week Deadline for 200 Pct Import Duty Plan on Chinese Goods

... "Jokowi" Widodo summoned Industry Minister Agus Gumiwang to the ... he concluded. The Indonesian textile industry is currently facing significant job ... KSPN), nearly 50,000 textile industry workers have been laid ... tank Celios blamed the layoffs on the influx of ...
Business Jul 2, 2024 | 2:36 pm

Chinese Textile Giant to Invest in Indonesia Amid Mass Layoffs

... announcement came amid mass layoffs within the sector. Luhut ... Luhut said. The Indonesian textile industry is currently suffering waves of ... KSPN), nearly 50,000 textile industry workers have been laid ... -tank Celios blamed the industry layoffs on the influx of ...
Business Jun 26, 2024 | 3:39 pm

Textile Job Cuts Soar to Nearly 50,000, KSPN Warns of Industry Collapse

... tens of thousands of textile and textile product (TPT) workers ... 800 workers in Indonesia's textile industry have been laid off due ... or later, the domestic textile industry will not be able ... wake of massive layoffs in the textile industry, Manpower Minister Ida ...
Business Jun 24, 2024 | 9:16 am

Indonesia’s Open Unemployment Rate Falls to 4.8%

... the wake of massive layoffs in the textile industry, which has seen at ...
Business Jun 23, 2024 | 4:11 pm

Experts Warn of Further Textile Layoffs Due to Relaxed Import Rules

... textile industry have been laid off. Experts foresee a second wave of mass layoffs ... goods. Rizal Tanzil Rakhman, a textile industry observer and former Secretary-General ... passive, the textile industry will suffer further, leading to more mass layoffs. "The ...
Business Jun 14, 2024 | 9:25 am