Friday, February 02, 2007

Job cuts at major corporations

This week, we read PT Telkom Tbk's plan to cut its workforce by 2,000 and the same amount offered by Bank Permata, just when President SBY pledges to create more jobs this year onwards. Other major corporations to follow. Federation of Workers Union predicted 1.4 million workers will be kicked out of textile, clothing, plantation, and forestry businesses this year following 800,000 people that were forced to leave their jobs last year in those sectors.

Remember two weeks ago when 65,000 applicants flocked Bung Karno Sport Stadion to compete for jobs at Trans Corp (Trans TV and Trans 7 TV stations)? Well, the company owned by Chairul Tanjung accepted job applications from 100,000 people. I don't think the company could even absorb 2% of them.



Anonymous Anonymous said...

Labor law reforim may be unpopular but delaying it is not really an option. It is hard to see much in the way of mass employment being created in the private sector until Labor laws become more flexible.
This may be seen as removing workers' conditins but the priority at this stage is creating jobs not protecting benefits.

February 02, 2007 4:03 PM  
Anonymous Anonymous said...

I totally agreed with the above contributor. It sadden to see the country at current stage. Even though the nation has made some progress, the lifes of common people have actually deteriorated post political reforms. I guess the Indonesia leaders and poeple would have to understand that in this global world, investors look for the best and friendest place to invest and if they are not welcome, they just pack up and go elsewhere.

February 05, 2007 1:58 PM  

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