Layoffs Before Eid: Sritex Employees Suspect Curator is Avoiding THR Payments

"Eid Layoffs: Sritex Workers Fear THR Payment Avoidance"

Sritex workers suspect curators are avoiding holiday pay by laying off employees just before Ramadan 2025, amid the company's bankruptcy.

Siti Rahmawati5 March 2025Last Update : 1 day ago

Kena PHK Jelang Lebaran, Karyawan Sritex Curiga Kurator Hindari THR

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On March 1, 2025, Sritex officially closed its doors, leaving many employees in distress. Workers suspect that the company’s curator is deliberately avoiding the payment of Tunjangan Hari Raya (THR) ahead of Ramadan 2025, raising serious concerns about their rights and financial security.

6 Key Takeaways

Sritex workers suspect curator avoiding holiday payments
Layoffs occurred two days before Ramadan
Curator assumed control after bankruptcy declaration
Workers seek government assistance for rights
Sritex officially closed due to financial crisis
Over 8,000 employees lost their jobs

Fast Answer: Sritex employees face layoffs just before Ramadan, suspecting the curator aims to dodge THR payments. Over 8,000 workers are affected as the company shuts down after financial struggles.

Why Are Sritex Employees Concerned About THR Payments?

Could the timing of layoffs be a tactic to avoid paying THR? Sritex workers are questioning the actions of their curator after being laid off just two days before Ramadan. This situation has sparked outrage and demands for government intervention.

Warning! The layoffs at Sritex highlight significant financial issues that could resonate with U.S. businesses facing economic challenges.

Impact of Sritex’s Closure on Employees and the Community

The closure of Sritex has profound implications for over 8,000 employees and their families. This situation not only affects their livelihoods but also the local economy. Here are some key points to consider:

Over 8,000 employees laid off.
Financial strain on families during Ramadan.
Potential legal battles over unpaid THR.
Impact on local businesses reliant on Sritex workers.

What Led to Sritex’s Financial Troubles?

Sritex’s financial woes began in 2021 when the company struggled to repay a $350 million syndicate loan. Despite attempts to restructure its debt, the company was declared bankrupt on October 21, 2024. This situation raises questions about corporate governance and financial management practices.

Government Response and Employee Support

In light of the recent layoffs, employees are calling for government intervention. They hope that officials, including President Prabowo Subianto, will take action to protect their rights. The situation at Sritex serves as a reminder of the importance of labor rights and corporate responsibility.

As the situation unfolds, the Sritex case could provide valuable lessons for both Indonesian and U.S. companies about the importance of ethical business practices and employee welfare.