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View all search resultstextile-industry
Economy 10 months ago
PREMIUM
Businesses fear new layoff task force could lead to criminalization
President Prabowo has promised to form a layoff task force to prevent arbitrary dismissals of employees and ensure companies adhere to fair labor practices, as demanded by workers attending the May Day rallies.
Regulations 11 months ago
PREMIUM
US tariffs: Manufacturers urge safeguards imports of rerouted goods
Local manufacturers have highlighted an urgent need for measures to protect the domestic market in anticipation of a potential influx of displaced imports as a result of US tariffs, especially following an unexpected downturn in demand over Idul Fitri.
Opinion 1 year ago
PREMIUM
Analysis: Textile giant Sritex shuts down, leaving over 10,000 workers jobless
PT Sri Rejeki Isman (Sritex), one of Southeast Asia’s largest integrated textile manufacturers, officially ceased operations on Mar. 1, 2025, following its bankruptcy declaration. The shutdown led to the layoff of 10,965 workers between January and February 2025. In response, President Prabowo has instructed several ministers to devise solutions to help re-employ the affected workers, including leasing factory machinery, attracting investors to acquire the company and facilitating their absorption into other companies.
