Djajanti buys fishing firm

Djajanti buys fishing firm

JAKARTA (JP): The Djajanti Group has taken over PT MTI, a
large foreign fishing joint venture in Biak, Irian Jaya, that had
stopped operation and dismissed its employees, an official said
yesterday.

The head of Biak's manpower office, Samuel Pademme, was quoted
by Antara as saying in Biak that the Djajanti Group would pay Rp
1.3 billion (US$534,759) in dismissal compensation for 698 ex-
employees of PT MTI, which used to operate Irian Jaya's first
tuna canning factory.

MTI, which started in 1992, dismissed its employees at the end
of 1995 after mismanagement problems. (13)