Perjalanan Kelam Sritex, Raksasa Tekstil Pailit hingga PHK 10.965 Karyawan

Summary

PT Sri Rezeki Isman Tbk, also known as Sritex, once a textile giant in Indonesia, has officially ceased operations as of March 1, 2025. The company, founded in 1966, expanded rapidly and became a leading supplier of military uniforms to NATO and Germany. However, financial struggles led to its bankruptcy in late 2024, with the Semarang District Court declaring it insolvent. The company’s mass layoff affected over 10,000 employees across several subsidiaries. Affected workers are in the process of claiming their rights, including pension and job loss benefits, while union leaders hope for swift resolution.

Takeaways

• 😀 Sritex, officially known as PT Sri Rezeki Isman Tbk, has been a major player in Indonesia's textile industry but ceased operations on March 1, 2025.
• 😀 The company made the difficult decision to lay off over 10,000 employees as part of its closure process.
• 😀 Sritex started in 1966 as a small fabric trader in Solo, with an initial capital of Rp 5 million, founded by HM Lukminto.
• 😀 The company gained recognition for producing military uniforms for NATO and Germany in 1994, helping it become a key supplier for over 33 countries.
• 😀 In recent years, Sritex struggled financially, culminating in a bankruptcy filing by PT Indo Barat Rayon in October 2024.
• 😀 The Semarang Commercial Court ruled that Sritex, along with three other entities, was bankrupt on October 21, 2024.
• 😀 The bankruptcy ruling was upheld by the Indonesian Supreme Court on December 18, 2024.
• 😀 A mass layoff process began on February 26, 2025, affecting a total of 10,965 employees across various Sritex-affiliated companies.
• 😀 The majority of employees affected by the layoffs were from Sritex Sukoharjo (8,504 workers), with other impacted companies including PT Primayuda, PT Sinar Pancajaya, and PT Bitratek.
• 😀 Affected employees are in the process of filing for severance and compensation claims, including retirement benefits and job loss insurance (JHT and JKP).
• 😀 The Chairman of the Indonesian Workers' Union at Sritex, Widodo, stated that the process of claims and compensation is ongoing, with hopes for a swift resolution.

Q & A

What led to the closure of PT Sri Rezeki Isman Tbk (Sritex) in March 2025?

PT Sri Rezeki Isman Tbk, or Sritex, officially ceased operations on March 1, 2025, due to financial difficulties and a series of legal challenges. This culminated in a mass layoff of over 10,000 employees.

How many employees were affected by the mass layoffs at Sritex?

A total of 10,965 employees were impacted by the mass layoffs at Sritex, including workers from various branches like Sukoharjo, Boyolali, Semarang, and others.

When did the financial troubles for Sritex start to affect the company?

Sritex began facing significant financial problems when PT Indo Barat Rayon filed for bankruptcy against the company, leading to its eventual insolvency. The decision was confirmed by the Semarang Commercial Court in October 2024.

What milestone event marked the rise of Sritex as an industry leader?

Sritex's major milestone came in 1994 when it was entrusted to produce military uniforms for NATO forces and Germany, solidifying its position as a major military garment supplier in over 33 countries.

What was the initial capital when Sritex started, and who was its founder?

Sritex started in 1966 as UD Sri Rezeki with an initial capital of Rp5 million. The company was founded by HM Lukminto in the Klewer Market, Solo.

How did the bankruptcy process of Sritex unfold in terms of legal proceedings?

Sritex filed for bankruptcy after a lawsuit by PT Indo Barat Rayon. The Semarang Commercial Court declared the company bankrupt on October 21, 2024, a decision that was upheld by the Supreme Court on December 18, 2024.

What types of compensation are affected employees of Sritex entitled to after the layoffs?

The affected employees are entitled to compensation including Jaminan Hari Tua (JHT, Old Age Savings) and Jaminan Kehilangan Pekerjaan (JKP, Job Loss Guarantee), which are being processed for payout.

What did the chairman of the Indonesian Workers’ Union, Widodo, mention about the compensation process?

Widodo, the chairman of the Indonesian Workers' Union, indicated that the compensation processing for the affected employees was still ongoing and expressed hope that it would be completed soon.

How did Sritex expand over the years after its founding?

Sritex grew rapidly from a small textile trading business in the Klewer Market to a major player in the textile industry, eventually becoming a trusted supplier for military uniforms globally, which greatly contributed to its expansion.

What was the role of Sritex in the global textile market before its closure?

Before its closure, Sritex was one of the largest textile companies in Indonesia, known for its military-grade fabric production, supplying over 33 countries, including NATO and Germany.