Businesses fear new layoff task force


Populist leader: Prabowo (centre) throws his hat to the crowd during a May Day rally in Jakarta. Industry bodies are concerned the new task force will scare businesses away from expanding. — AP

JAKARTA: Businesses are wary that President Prabowo Subianto’s plan to form a special task force on layoffs could lead to the criminalisation of employers rather than preventing mass job cuts.

The Indonesian Textile Association (API) insists that the task force, meant to resolve labour disputes and reduce terminations, must not stray from its preventive mission.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , worker , labour , layoff , retrenchment , union

Next In Business News

Ringgit closes higher against greenback on cautious market sentiment
T7 Global subsidiary appointed panel contractor for PETRONAS
YTL inks RM200mil naming rights deal with Aviva for Bristol arena
KL High Court dismisses appeals of former Jalatama officers
Well Chip posts FY25 net profit jump to RM86.15mil
Angkasa targets 2026 revenue to reach up to RM75bil
Aeon Credit issues RM100mil five-year senior sukuk
Late bargain-hunting lifts Bursa Malaysia to end higher
Net foreign inflows into Malaysian bonds reach RM951.9mil in January - RAM Ratings
Wawasan Dengkil's 2Q net profit falls due to revision of project costs

Others Also Read