Indonesia's troubled textile firm PT Sri Rejeki Isman, or Sritex, is in talks with potential investors to take over assets ...

Under this plan, future investors will rent Sritex’s industrial machines and restart operations, bringing back workers under ...

Indonesia’s largest textile manufacturer, Sri Rejeki Isman, or Sritex, has officially shut down operations, leading to 10,965 ...

Sritex, once Southeast Asia’s largest textile manufacturer, used to provide military uniforms for Nato and the German Army.

President of the Labor Party, Said Iqbal, deems the closure of Sritex on March 1, 2025, as the right momentum to oust ...

Sritex was declared bankrupt at the end of last year as it struggled to service its debts, which reached $1.6 billion in June ...

President Prabowo Subianto met with several ministers from his Red and White Cabinet and representatives of the bankrupt ...

Authorities claim to have identified 10,666 job vacancies in Surakarta and the surrounding areas in industries including ...

TEMPO.CO, Solo - A total of 10,665 workers of the textile giant Sritex have been terminated, per January to February 26, 2025, as court declared the company bankrupt. The workers came from four ...

JAKARTA, Feb 28 (Bernama) -- Indonesian textile giant PT Sri Rejeki Isman (Sritex) will permanently shut down on March 1, ...

Indonesian textile giant PT Sri Rejeki Isman will lay off thousands of workers as it prepares to shutter operations after ...