Steel workers seek retirement<\/p>\n
SERANG, West Java: Apparently lured by the handsome severance
\npay offered to employees dismissed earlier in an efficiency
\ndrive, at least 1,000 staff members of PT Krakatau Steel in
\nCilegon are seeking early retirement.<\/p>\n
\"I don't think we can grant their request because the funds
\nmade available for mass retirement are limited,\" PT Krakatau
\nSteel director Soetoro Mangoensoewargo said yesterday.<\/p>\n
Earlier, the company dismissed 452 employees in a move to
\ntrim its staff for better efficiency. It reportedly offered up to
\nRp 68 million (US$30,000) in severance pay to each of them.<\/p>\n
Under the restructuring program, the company intends to reduce
\nthe number of its employees from 9,000 to 6,000. Many have been
\ntransferred to its sister companies.<\/p>\n
Soetoro declined to mention how much PT Krakatau Steel has
\nmade available for severance payments. \"But it will certainly not
\naffect the company's financial performance,\" he said as quoted by
\nAntara. (pan)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/steel-workers-seek-retirement-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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