Waiting For The Central Government's Steps To Save Sritex

Coordinating Minister for Economic Affairs Airlangga Hartarto revealed the government's way of saving PT Sri Rejeki Isman Tbk (SRIL) or PT Sritex, one of which is by ensuring the company's operations continue.

"Now the important thing is that this company is still running. Customs and Excise has also given permission for imports and exports, although management is now under the supervision of the curator," Airlangga said during a press conference at the Coordinating Ministry for the Economy, Jakarta, quoted from Antara, Thursday, October 30.

For the next step, the government is still monitoring the progress of court decisions. As a state of law, he continued, the government will respect the process in accordance with applicable regulations.

The court has appointed a curator and the government will wait for the results of the curator. But from the government side, we hope the company will continue," he said.

While waiting for the process, the government is preparing steps that can be taken so that the industrial sector is labor-intensive as a whole does not experience systemic problems.

Some time ago, a number of textile companies also had problems, but they had restructured them.

"So, of course, restructuring is one that is driven by the government," he added.

On the other hand, investment in the textile industry has shown an increase, especially in Central Java areas such as Kendal, with orientations mostly aimed at exports.

"In facing global competition, the key is productivity," said Airlangga again.

Indonesian President Prabowo Subianto has asked his line of ministries to strive so that there is no termination of employment (PHK) for Sritex employees and so that the textile company continues to operate.

This was conveyed by the Minister of Manpower (Menaker) Yassierli after President Prabowo held a limited meeting with ministers, including Coordinating Minister for the Economy Airlangga Hartarto and Minister of Finance Sri Mulyani, yesterday.

President Prabowo, said the Minister of Manpower, stated that the government would not allow layoffs to occur against Sritex employees.

The government believes that layoffs will not occur because the option to file an appeal against the Semarang Commercial District Court decision will be taken.