Deputy Manpower Minister Immanuel Ebenezer: No Layoffs at Sritex
Monday, February 24, 2025
Immanuel Ebenezer confirmed reports of law enforcement involvement, including the police and state intelligence, in the government’s efforts to save Sritex.
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DEPUTY Manpower Minister Immanuel Ebenezer Gerungan stated that the government has intervened in the bankruptcy proceedings of Sri Rejeki Isman, or Sritex, to prevent mass layoffs. He confirmed reports that law enforcement authorities had become involved in efforts to rescue the textile company. “Our intentions are good,” he said when asked about the intervention of law enforcement in Sritex’s bankruptcy process. The follow
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