Company uses IBRA money to pay bonuses

Company uses IBRA money to pay bonuses

BANDUNG: The management of PT Dirgantara Indonesia (DI) used
emergency funds of Rp 78 billion (US$9.18 million) from the
Indonesian Restructuring Bank Agency (IBRA) to disburse Rp 26
billion to its 9,600 employees to pay their salaries for
November, along with their Idul Fitri bonuses.

The general director of PT DI, Muhammad Nuril Fuad, said on
Friday that PT DI was only able to pay 10 percent of the total
salaries for laid-off employees, and 25 percent for active
employees.

The payments were made on Nov. 14, which means the management
will have to pay the remaining 90 percent for the laid-off
employees, and 75 percent for active ones.

Fuad said the employees' salaries for October had not been
paid due to a lack of funds at PT DI.

Fuad said PT DI received the money from IBRA in two stages:
the first was for Idul Fitri bonuses and the employees' salaries,
the second was for severance pay for laid-off employees, which is
still unavailable as PT DI must wait for the results of a meeting
between Minister of Manpower Jacob Nuwa Wea and PT DI's labor
union.

Fuad also said the number of employees who had been selected
to return to work numbered 3,000.