Sritex Yet to Settle Severance Payments for 11,000 Workers Impacted by Layoffs
Jakarta, Indonesia Sentinel -- The Indonesian Ministry of Manpower (Kemnaker) has stated that 11,000 PT Sri Rejeki Isman Tbk (Sritex) ...
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Tag: Sritex
Indonesia Faces Wave of Mass Layoffs Early 2025, Affecting Nearly 13.000 Workers
Jakarta, Indonesia Sentinel -- Indonesia has been hit by a wave of mass layoffs in early 2025, with several major ...
Indonesian Textile Giant Sritex Shut Down Operations in March 2025 and Layoffs 8,400 After Declared Bankrupt
Jakarta, Indonesia Sentinel -- Indonesia’s leading textile manufacturer, Sritex, will officially cease operations on March 1, 2025, following a bankruptcy ...
Indonesia’s Textile Giant Sritex Fights Back After Supreme Court Upholds Bankruptcy Ruling
Jakarta, Indonesia Sentinel -- PT Sri Rejeki Isman Tbk (Sritex), one of Indonesia’s largest textile manufacturers, has announced plans to ...
Thousands of Sritex Worker to Stage Protest Over Presidential Palace
Jakarta, Indonesia Sentinel -- Thousands of employees of PT Sri Rejeki Isman Tbk (Sritex), one of Indonesia’s largest textile manufacturers, ...
Sritex Bankruptcy: Liquidators to Auction $2 Billion in Assets – Who Will Buy?
Jakarta. Indonesia Sentinel -- Indonesia's largest textile manufacturer, PT Sri Rejeki Isman Tbk (Sritex), has officially been declared bankrupt following ...
Indonesia’s Textile Giant Sritex Declared Bankrupt, Here’s the Company Current Conditions
Jakarta, Indonesia Sentinel -- Indonesia's leading textile company, PT Sri Rejeki Isman Tbk (Sritex), has officially been declared bankrupt after ...
3,000 Workers Furloughed as Indonesia’s Sritex Battles Bankruptcy
Jakarta, Indonesia Sentinel -- PT Sri Rejeki Isman Tbk (Sritex), Indonesia’s largest textile manufacturer, is facing an uphill battle to ...
Sritex Group Declared Bankrupt After Supreme Court Rejects Appeal
Jakarta, Indonesia Sentinel -- PT Sri Rejeki Isman Tbk (Sritex), a prominent name in Indonesia's textile industry, along with its ...
Sritex Workers Face Uncertainty Amid Mounting Debt Crisis
Jakarta, Indonesia Sentinel -- The situation at PT Sri Rejeki Isman Tbk (Sritex) has deteriorated sharply following its bankruptcy ruling ...
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