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Jakarta Post

Investors flee Tangerang

  • The Jakarta Post

  /   Mon, November 18 2019   /  01:11 am

Over the past few years, many export-oriented, labor-intensive manufacturers in Tangerang, Banten, have relocated to Central Java. Three more canvas shoe factories will follow when their new plants are completed, causing hundreds of thousands of worker layoffs. The Tangerang industrial and statistics offices have confirmed the investor exodus. Firman Bakri Anom, chairman of the shoe manufacturers association, said 25 factories in Banten, notably Tangerang, had relocated to Central Java. He said he regretted the negative trend as shoe manufacturing was labor intensive. One factory employs as many as 50,000 workers.The main investor deterrents have been an unchecked and steep rise in regional minimum wages, a severe lack of trained and skilled workers and an unfriendly attitude toward investors on the part of the city and trade unions. The Tangerang minimum wage has increased to Rp 4.4 mil...