Jakarta, March 11 -- Layoffs currently loom over Indonesia, especially after the Indonesian textile giant PT Sri Rejeki Isman (Sritex) and the electronic company PT Sanken Indonesia let go of their employees.

Sritex had to lay off over 10 thousand people, while Sanken had to discharge more than 450 people.

The issue of layoffs has become increasingly widespread after the Indonesian Fiber and Filament Yarn Makers Association (APSYFI) revealed that 62 factories had stopped operating and furloughed thousands of employees from January 2023 to January 2025.

The layoff phenomenon indicated a slowdown in the domestic manufacturing industry, along with a decline in people's purchasing power. However, if one examines the root of the problem, la...