Perjalanan Kelam Sritex, Raksasa Tekstil Pailit hingga PHK 10.965 Karyawan

Summary

PT Sri Rezeki Isman Tbk (Sritex), once a leading textile giant in Indonesia, officially ceased operations on March 1, 2025, resulting in a mass layoff of over 10,000 employees. Founded in 1966, Sritex grew rapidly, gaining trust to manufacture military uniforms for NATO and Germany. However, financial troubles plagued the company, leading to its bankruptcy following a court ruling in October 2024. The mass layoff began in February 2025, impacting employees across several locations. Affected workers are now processing their severance and job loss claims, while the union hopes for a swift resolution.

Takeaways

• 😀 PT Sri Rezeki Isman Tbk (Sritex) was once a giant in the textile industry in Indonesia.
• 😀 On March 1, 2025, Sritex officially ceased operations after a series of financial struggles.
• 😀 The company laid off over 10,000 employees due to the termination of its operations.
• 😀 Sritex started as a small fabric trading business in Solo in 1966, with an initial capital of IDR 5 million.
• 😀 The company gained significant recognition by producing military uniforms for NATO and Germany in 1994.
• 😀 Sritex grew to become a major supplier of military uniforms for over 33 countries.
• 😀 Financial difficulties started haunting the company in the later years, leading to legal actions.
• 😀 In October 2024, PT Indo Barat Rayon filed a bankruptcy lawsuit against Sritex, which was granted by the Semarang Commercial Court.
• 😀 The decision was upheld by the Supreme Court in December 2024, resulting in bankruptcy for Sritex and other entities.
• 😀 A mass layoff began in February 2025, affecting 10,965 employees across various divisions, including Sritex in Sukoharjo, Primayuda in Boyolali, and others.
• 😀 Affected employees are in the process of claiming their severance benefits, including old-age security (JHT) and job loss insurance (JKP).

Q & A

What is PT Sri Rezeki Isman Tbk, also known as Sritex, known for?

PT Sri Rezeki Isman Tbk, or Sritex, is a major textile industry giant in Indonesia. It has been known for producing military uniforms and fabrics for over 33 countries, including NATO and Germany.

When did Sritex officially cease its operations?

Sritex officially ceased its operations on March 1, 2025.

What caused Sritex to stop its operations?

Sritex was forced to stop its operations due to financial struggles, which culminated in a mass layoff and the company's bankruptcy.

How many employees were affected by the mass layoff?

A total of 10,965 employees were affected by the mass layoff at Sritex.

What are the key financial troubles Sritex faced leading to bankruptcy?

Sritex faced significant financial troubles, including a bankruptcy lawsuit filed by PT Indo Barat Rayon in October 2024. The Semarang Commercial Court declared Sritex bankrupt, a decision later confirmed by the Supreme Court in December 2024.

How did Sritex begin its business?

Sritex began as a fabric trader in Pasar Klewer, Solo, in 1966, with an initial capital of Rp5 million, under the name UD Sri Rezeki. It later expanded to produce military uniforms.

What was Sritex's major achievement in the 1990s?

In 1994, Sritex achieved a major milestone by becoming a trusted producer of military uniforms for NATO and Germany, which helped position it as a military supplier for over 33 countries.

What did the bankruptcy court ruling in October 2024 entail?

The bankruptcy court ruling in October 2024 declared Sritex and three other entities (PT Sinar Pancajaya, PT Bitratek Industris, and PT Primayudha Mandirijaya) bankrupt. This decision was later upheld by the Supreme Court in December 2024.

What steps were taken to assist employees affected by the layoffs?

Employees affected by the layoffs were instructed to fill out termination letters in order to process their rights, which included retirement guarantees (JHT) and job loss guarantees (JKP).

What was the timeline for the layoffs?

The mass layoffs began on February 26, 2025, with a significant portion of the employees, 1,065 workers, being laid off in January 2025.