Coordinating Minister Airlangga Asks Curator And Banking To Sit Together To Discuss Sritex's Fate
Coordinating Minister for Economic Affairs Airlangga Hartarto asked the curators and banks to sit down together to discuss the fate of PT Sri Rejeki Isman Tbk (Sritex) who was declared bankrupt.
Sritex was declared bankrupt by the Semarang Commercial District Court on Monday, October 21, 2024. Then, Sritex filed an appeal against the decision, but was rejected by the Supreme Court (MA).
"The government has asked the curators and banks to hold talks," he told reporters, written Friday, January 17.
Furthermore, Airlangga said that his party respects the legal process. However, he hopes Sritex can still operate.
"Of course we appreciate the law. However, the government asks the company to continue running and there will be no operational cessation," he said.
Airlangga said the principle of business efficacy in the giant textile company is very important to protect the fate of employees.
"Of course, if it goes to concern, the workers will be protected," he said.
Separately, the Minister of Manpower Yassierli admitted that he was still monitoring developments in Sritex. He also said he had communicated with the Coordinating Ministry for Economic Affairs.
"We are still monitoring it, there is nothing really that we can do, so that's the dynamics, we'll see first. We are communicating with the Coordinating Ministry," said Yassierli.
Yassierli emphasized that the government wants the going concern principle to be applied in Sritex. In addition, he also said the government would look for a solution so that Sritex's bankruptcy status can be overcome.
"Yes, that's our hope (going concern). Our hope is like that. Later we will see where the problem is and what the best solution will be," he explained.
Sritex's Issue Is More Complicated
Previously, the Minister of Industry (Menperin) Agus Gumiwang Kartasasmita was of the view that the problem of PT Sri Rejeki Isman Tbk alias Sritex was much more complex than what was seen on the surface.
Agus said the government faces tough challenges with Sritex bankruptcy status. Especially for the Ministry of Industry (Kemenperin) and the Ministry of Manpower (Kemnaker).
This is because the two ministries must strive to fight for Sritex to return to production.
"The court ratifies bankruptcy, of course it makes it difficult for the government (in this case) to make it difficult for the Ministry of Industry to make it difficult for the Ministry of Manpower. In my view, Sritex's issue is much more computational than what is on the surface," Agus said at the Ministry of Industry office, Jakarta, Friday, January 3.
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Agus explained that currently his party's top priority is how Sritex can continue to produce, so that the workers in Sritex can return to work.
Not only in terms of work, Agus said that if production was stopped, it would result in the loss of the market which had been filled by Sritex. The reason is, to gain market confidence is not easy.
"If Sritex's market is filled by other domestic industries, there may be no problem. However, if it is filled by producers from other countries, it will lose to us. We lost the market and to get the trust is difficult," said Agus.