6,000 lose jobs in Kebumen

6,000 lose jobs in Kebumen

SEMARANG: About 2,500 bag and cap home businesses that employ
6,000 workers in Kebumen regency have gone bankrupt because of
the deepening economic crisis.

The chief of the Association of Kebumen Bag and Cap
Entrepreneurs, Nurhamid, said the companies were unable to buy
imported raw materials because prices had soared 300 percent.

Those that could buy the materials were consequently forced to
offer goods at very high prices which meant many items remained
unsold.

"Many agents have stopped buying our products," Nurhamid said.

He added he hoped the monetary crisis would end in the near
future so the industry could recover. (har)