More than 10,000 workers lose their jobs in Sritex collapse
Indonesia's troubled textile firm Sri Rejeki Isman (Sritex) is reported to be in talks with potential investors to take over assets under a lease scheme, which could create an opportunity for the company’s workers to be rehired.
Once Southeast Asia’s largest textile manufacturer, Sritex was declared bankrupt at the end of last year as it struggled to service its debts, which reached US$1.6bn in June.
For the full story, see the April 2025 edition of Textiles South East Asia.
Photo: Sritex