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Home Feature News

Sritex Gains Investor, Laid-Off Staff to Return to Jobs

Haris Sunandar by Haris Sunandar
March 18, 2025
in Feature News, News
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Sritex
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Heaptalk, Jakarta — Manpower Minister Yassierli announced that PT Sri Rejeki Isman (Sritex) has secured a new investor. However, the Minister remained tight-lipped about the identity of the new investor. What is certain is that the investor will operate Sritex’s existing machinery.

“As a result, 5,000 laid-off employees will be able to return to work. Today, it has been confirmed that a work contract has been signed to re-employ former Sritex Group workers with the investor,” Yassierli said.

Despite this, Yassierli could not provide a definite timeline for when the employees would resume work. “Regarding the start date, there are preparations related to operations and so on. We will leave that to the investor’s discretion,” he explained.

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Meanwhile, Sumarno, Head of the Industry and Manpower Office (Disperin-Naker) of Sukoharjo Regency, revealed that his office has communicated with the prospective investor. According to Sumarno, the new investor plans to recruit over 5,000 former Sritex employees.

“For now, the report from the potential investor is that 5,000 workers will be hired in the first phase. Further recruitment will follow,” Sumarno said.

Sumarno added that the new investor intends to reactivate the entire production chain previously operated by PT Sritex. This move is expected to provide a renewed source of livelihood for all former Sritex employees.

“The operations will cover various departments, from spinning and weaving to garment production and finishing. I believe this will encompass all sectors,” he explained.

Unfortunately, Sumarno declined to disclose the investor’s origin or when they plan to commence operations. “We were only informed as the regional authority. The implementation is the responsibility of the investor and the curator, as this falls under the curator’s domain,” he concluded.

The news has brought hope to thousands of former Sritex employees who have been out of work, as the company’s revival promises to restore jobs and stabilize the local economy.

Tags: sritex

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