Court seizes company's assets<\/p>\n
SURABAYA: The local district court has ordered the government
\nto seize the remaining assets of a bankrupt company to cover its
\ndisplaced workers severance pay.<\/p>\n
The court said PT Multi Manao Indonesia has neglected its
\nobligation to pay a total of Rp 561 million in severance to its
\n250 workers, Antara reported. The news agency did not describe
\nthe nature of Multi Manao's business.<\/p>\n
The assets to be seized include a factory building and
\nwarehouse, including the land in the Rungkut Industry area, an
\noffice and its land on Jl. Manyar Kartia, and another office and
\nits land on Jl. Kutisari Indah Barat. There is also another
\nfactory building and warehouse with equipment and machinery in
\nthe nearby city of Gresik.<\/p>\n
The court order follows a petition from the workers.<\/p>\n
The workers lost their jobs in 1994 when the company applied
\nfor bankruptcy. The Ministry of Manpower agreed to the company's
\nplan to layoff the workers on condition that their rights,
\nincluding severance pay, were met.<\/p>\n
Multi Manao then declared it couldn't afford the severance
\npay. (emb)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/court-seizes-companys-assets-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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