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Giant to close six outlets in Greater Jakarta
"We have taken actions to reenergize Giant to ensure that it will be able to fulfill the changing preferences of our customers."
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A Giant Ekspress outlet in Mampang Prapatan, South Jakarta. (kompas.com/Fika Nurul Ulya)
R
etail company PT Hero Supermarket has announced that it will close six Giant Ekspress and Giant Ekstra outlets in Greater Jakarta amid tough competition in the retail business.
PT Hero Supermarket director Hadrianus Wahyu Trikusumo said on Monday the closure of the six outlets to be conducted on July 28 was part of the company's business transformation.
“We have taken actions to reenergize Giant to ensure that it will be able to fulfill the changing preferences of our customers,” he said as quoted by tempo.co, but he did not elaborate on the action the company would take after the closure.
The six outlets to be closed are Giant Express Mall Cinere Mall, Giant Express Mampang, Giant Express Pondok Timur Tambun, Giant Extra Jatimakmur, Giant Extra Mitra 10 Cibubur and Giant Extra Wisma Asri.
Hadrianus admitted the closures would force the company to lay off some of its employees.
“But Giant is committed to treating its employees fairly and respectfully,” he said as quoted by tempo.co, adding that the affected employees would receive severance pay based on the existing regulations.
Hardianus said the food retail business had faced tougher competition in the last few years due to changes in customers’ shopping habits.
Commenting on the closure of the Giant outlets, Coordinating Economic Minister Darmin Nasution said it was common practice that a company closed its business because it could not compete with its competitors.
“It is part of the competition. One can lose in competition. It is normal,” he said. (bbn)
