Indonesia textile industry crisis

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Industry

Indonesia’s Textile Industry Faces Crisis Amid Factory Closures And Layoffs

Textile Insights March 13, 2025

Indonesia’s textile and garment industry is in crisis, with mass layoffs and factory closures threatening its future. Major textile player PT Sri Rejeki Isman (Sritex) recently shut down operations, adding to the closure of 61 factories between January 2023 and December 2024 in Banten,

Corporates

Sritex Declared Bankrupt, 10,665 Workers Laid Off

Textile Insights March 9, 2025

A total of 10,665 workers from textile giant Sritex have been terminated between January and February 26, 2025, following a court ruling declaring the company bankrupt. The layoffs affected employees from four companies under the Sritex Group: PT Sritex Sukoharjo, PT Bitratex Semarang, PT Sinar Panja Jaya Semarang and PT Primayuda Boyolali. Slamet Kaswanto, coordinator

Indonesia’s Textile Industry Faces Crisis Amid Factory Closures And Layoffs

Sritex Declared Bankrupt, 10,665 Workers Laid Off

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