Indonesian labor group urges government support for struggling, near-bankrupt textile firm Sritex.

A major labor group in Indonesia is calling for government support to rescue the struggling textile company Sritex, which is facing bankruptcy due to unpaid debts and decreased global demand. Sritex, employing around 50,000 workers, produces clothing for various brands and military uniforms. The government is considering measures to avert bankruptcy and the potential layoffs that would follow.

5 months ago
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