#bankruptcy

Collection of bankruptcy news, found 114 news.

Layoffs in Indonesia: Understanding causes and government's efforts

Layoffs currently loom over Indonesia, especially after the Indonesian textile giant PT Sri Rejeki Isman (Sritex) and ...

RI Govt pushes for timely disbursement of Sritex employee benefits

Manpower Minister Yassierli expressed hope that the severance pay and holiday allowances (THR) for laid-off employees ...

Anticipating layoffs as warning sign of textile industry

Domestic textile and garment industries in Indonesia have recently been in an alarming state due to their dynamics, ...

Govt to watch disbursement of benefits for Sritex's laid-off employees

Manpower Minister Yassierli will oversee the distribution of benefits, comprising Old Age Security (JHT), Job Loss ...

State to protect employees of Sritex from lay-offs: ministry

Deputy Minister of Manpower, Immanuel Ebenezer Gerungan, said that the state is there for the employees of textile ...

Manpower Ministry ensures no layoffs at Sritex

Deputy Minister of Manpower Immanuel Ebenezer Gerungan confirmed no layoffs at the giant textile company, ...

Partnership with Italy could boost textile industry: API

Trade Promotion Office of the Italian Embassy, 17 Italian textile manufacturers promoted advanced textile technologies ...

House Speaker seeks govt intervention in textile industry

Speaker of the House of Representatives (DPR), Puan Maharani, has urged the government to devise an intervention for ...

DPR urges govt to prioritize saving Sritex employees from layoffs

Indonesian House of Representatives (DPR RI) speaker Puan Maharani urged the government to prioritize safeguarding ...

Ministry should gather data on companies in financial distress: DPR

Member of Commission IX of the House of Representatives (DPR) Achmad Ru'yat urged the Ministry of Manpower to ...

Indonesia's Prabowo urges no layoffs at Sritex amid bankruptcy

President Prabowo Subianto has instructed related ministries to ensure that no Sritex employees are laid off and that ...

Govt sets rescue plan for textile giant Sritex after bankruptcy ruling

The Ministry of Industry is formulating several rescue strategies for publicly listed textile company PT Sri Rejeki ...

Sritex bankruptcy: Minister promises to prevent staff layoffs

Industry Minister Agus Gumiwang Kartasasmita has said that the government will take immediate steps to protect the ...

Indonesia leaving no stone unturned in war against online gambling

President Joko Widodo (Jokowi) affirmed that the Indonesian government is committed to exerting all-out efforts to ...

Ferretti's first-quarter performance shines, with the new shipyard put into operation

On May 16, 2024, local time in Italy, Ferretti Group Chairman Tan Xuguang hosted an on-site meeting of the ...