Sukoharjo – The government has once again demonstrated its commitment to safeguarding strategic national industries. PT Sri Rejeki Isman Tbk (Sritex), one of Indonesia’s most prominent textile companies, is set to resume operations thanks to full government support in facilitating its takeover by a new investor.
This recovery effort brings fresh hope to over 10,000 former Sritex workers who were affected by the company’s bankruptcy in October 2024. Now, the prospect of returning to work in the near future is becoming a reality.
Central Java Governor Ahmad Luthfi confirmed that the takeover process has been fully completed, highlighting the government’s seriousness in protecting businesses and workers.
“It’s clear. Sritex is clear, yes. Just a little longer until operations resume,” he said optimistically.
Support has also come from the business community. Sri Saptono Basuki, Deputy Secretary of Apindo Solo, expressed appreciation for the swift action taken by the central government in overseeing the process. He noted that accelerating operations will help preserve valuable assets and boost the regional economic recovery.
“If it can start in May or June, that would be excellent for them,” he stated.
Basuki also emphasized that this policy will prevent mass unemployment and help maintain a stable, productive business climate.
“If too many are unemployed, it makes us at Apindo anxious as it creates an unconducive environment,” he added.
Sritex’s return to production is not only welcome news for the workers but also expected to trigger a positive ripple effect across MSMEs, the retail sector, and local transportation. The government has proven its responsiveness in sustaining the economic lifeline of communities.
“When people have jobs, their purchasing power increases,” Basuki explained, underlining that this move will directly boost consumer spending.
Even more promising, the new investor is expected to rehire around 10,000 workers from Sritex and its three subsidiaries. This serves as concrete proof that the government is successfully creating a pro-people and investment-friendly ecosystem.
Some former workers have already begun signing new employment contracts, as confirmed by Minister of Manpower Yassierli.
“The process is ongoing. Contracts have been signed,” he said.
He added that administrative matters are now being finalized between the court-appointed curator and the new shareholders, as part of a transparent and efficient governance process encouraged by the government.
“We expect smooth production. That’s our goal,” Yassierli added, emphasizing the government’s close oversight of the transition to ensure long-term success.
With the transition process nearly complete, the public now looks forward to a renewed Sritex—a symbol of the successful recovery of Indonesia’s textile industry under visionary leadership that truly serves the people.
