Sritex Boss Ensures Company Operations Continue To Run Normally Despite Bankruptcy

JAKARTA - President Commissioner of the textile issuer PT Sri Rejeki Isman Tbk or Sritex (SRIL) Iwan Setiawan Lukminto ensured that Sritex's operational activities continued normally after being cut off by the Semarang City Commercial Court.

"(Until today) the operation has been running normally," said Iwan when met by reporters at the Ministry of Industry (Kemenperin) office, Monday, October 28.

Iwan said, as many as 50,000 Sritex Group employees currently still have the same spirit.

He also emphasized that all levels of directors, commissioners and Sritex employees must cultivate a strong spirit to deal with existing conditions.

"So, we must have the spirit, especially at this time the spirit, which we must continue to strengthen," he said.

When asked about the results of his meeting with the Minister of Industry (Menperin) Agus Gumiwang Kartasasmita today, Iwan said they were formulating a big strategy to save Sritex.

Minister of Industry Agus, said Iwan, also ordered him to keep the company's operations running even though it had been cut off.

"The direction of the Minister (Agus Gumiwang) must continue to run, operate properly," said Iwan.

Previously, Minister of Industry Agus said President Prabowo Subianto had ordered four ministries to immediately take steps to save workers working at the textile company Sritex.

The four ministries include the Ministry of Industry (Kemenperin), the Ministry of Finance (Kemenkeu), the Ministry of State-Owned Enterprises (BUMN) and the Ministry of Manpower (Kemnaker) who will review the appropriate scheme for this.

"President Prabowo has ordered the Ministry of Industry, the Ministry of Finance, the Minister of SOEs and the Minister of Manpower to immediately review several options and schemes to save Sritex," Agus said in a written statement, Friday, October 25.

As for 58 years, Sritex has become part of the Indonesian textile industry and became the largest textile company in Southeast Asia and has contributed to Solo Raya, Central Java and Indonesia.

In addition, currently there are around 14,112 SRIL employees who are directly affected, 50,000 employees in the Sritex Group and countless other small and medium enterprises whose business continuity depends on Sritex's business activities.

Therefore, Sritex Management said it needed support from the government and other stakeholders in order to continue to contribute to the advancement of Indonesia's textile industry in the future.