Indonesia has announced a commitment to preserve employment for over 50,000 workers at Sritex, a bankrupt textile company. The move aims to mitigate the economic impact on affected individuals and their families. Sritex filed for bankruptcy in 2024, citing financial difficulties. The government's decision is seen as a crucial step in ensuring stability and minimizing disruptions in the labor market.

Source: https://www.bloomberg.com/news/articles/2024-10-29/indonesia-vows-no-layoffs-for-50-000-workers-in-bankrupt-sritex