Textile giant Sritex appeals bankruptcy as Indonesia vows to save 50,000 jobs


Workers at the Sri Rejeki Isman PT factory in Solo, Central Java. - Photo: Bloomberg

JAKARTA: Indonesian textile giant PT Sri Rejeki Isman is contesting a court decision that declared it bankrupt as the company owner pledged to keep its factory open and see through the revival of the business.

Sritex, as the company is more commonly known, filed an appeal on Friday (Oct 25), requesting a review of the local court’s bankruptcy ruling, according to the court’s website.

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