20 firms in Tangerang closed down

20 firms in Tangerang closed down

JAKARTA: Twenty companies in the Tangerang municipality have
stopped operations due to the slow business over the past few
years, causing 36,108 people to lose their jobs, an official
said.

Adang Turwana, head of the municipality manpower office, was
quoted by Antara as saying on Wednesday, that another 30
companies were experiencing financial difficulties and could also
stop operating.

The 50 companies, producers mainly of items exported to
foreign countries, had suffered greatly. The condition worsened
because of the labor demonstrations that resulted in their low
productivity and failure to compete in the free market, Adang
said.

Currently, there are about 1,500 companies in the Tangerang
municipality. --JP