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Making Ends Meet

Tuesday, September 2, 2003

Texmaco was designed to become a giant manufacturing concern. But the giant is now enveloped in debt and many employees have been sent home.

arsip tempo : 173169232548.

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THE employees at Texmaco have already sent an SOS, a cry for help, to the government. Weighed down by debts totaling Rp29 trillion, it was as if this textile and machinery giant was already wobbling on the edge of a cliff, even before it was declared to be in default by the Indonesian Bank Restructuring Agency (IBRA) two weeks ago. The government is currently in the middle of looking at several different rescue schemes. However, even more than th

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