‘Severe blow’: over 10,000 Indonesians lose their jobs in Sritex collapse

‘Severe blow’: over 10,000 Indonesians lose their jobs in Sritex collapse

Sritex, once Southeast Asia’s largest textile manufacturer, used to provide military uniforms for Nato and the German Army.

Said Iqbal criticized PT Sritex's action of inviting employees to sing during layoffs. The layoffs are considered illegal and violate labor laws.

In the last three months, 8 textile companies in Diyarbakır have closed their doors and 10 companies are under threat of closure.

Indonesia's textile leader Sritex to lay off thousands, faces challenges with creditors

PT Sri Rejeki Isman (Sritex), a major Indonesian textile manufacturer, is set to close its doors and lay off thousands of employees after creditors rejected a proposal to keep the company operational, according to a report. The decision, made during a court-supervised meeting in Semarang, Central Java, will result in the liquidation of the bankrupt […] The post Indonesia’s textile leader Sritex to lay off thousands, faces challenges with credito…

PT Sri Rezeki Isman (Sritex) is preparing to resume operations with new investors after the textile company was declared bankrupt.

The layoffs of Sritex employees are considered to be contrary to the provisions of the Employment Law and the Decision of the Constitutional Court (MK) Number 68 of 2024.