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After layoffs, the textile industry was hit by a wave of bankruptcy

Details

The upheaval in the textile industry and textile products (TPT Industry) is not over yet. After many layoffs since 2022, now this labor-intensive industry has been hit by a wave of "going out of business".

Chairperson of the Indonesian Filament Fiber and Yarn Association (APSyFi), Redma Gita Wirawasta, confirmed the condition of a number of companies that were still laying off workers and even had to stop production. Meanwhile, for companies that are still operating, their utilization is still low, around 30-40%.

What are the conditions for layoffs and closings of a number of companies in the textile sector? In full, watch Safira Nasution's dialogue with the Chairperson of the Indonesian Filament Fiber and Yarn Association (APSyFi), Redma Gita Wirawasta in the Evening Up, (Friday, 05/05/2023)

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