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 ...

Manpower Minister Yassierli will oversee the distribution of benefits, comprising Old Age Security (JHT), Job Loss Security ...

JAKARTA, March 5 (Bernama) -- Indonesia’s textile industry is on the brink of a major crisis as over a dozen large ...

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 ...

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

The island of Java is the most affected, where there has been a significant impact on the production sector. Among the ...

TEMPO.CO, Jakarta - Indonesia's troubled textile firm PT Sri Rejeki Isman, or Sritex, is in talks with potential investors to ...

JAKARTA, March 3 (Reuters) - Indonesia's troubled textile firm PT Sri Rejeki Isman (SRIL.JK), opens new tab, or Sritex, is in talks with potential investors to take over assets under a lease ...

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