Hotel Nikko workers face dismissal

Hotel Nikko workers face dismissal

JAKARTA: A total of 217 workers from Hotel Nikko, formerly
President Hotel, on Jl. Thamrin, Central Jakarta, face dismissal
due to financial losses suffered by the management.

Hotel workers union chairman Nurbukhori Effendi said on Monday
that the workers rejected the dismissal and denied that the hotel
had suffered a financial loss.

"Hotel Nikko has the highest occupancy rate here of over 70
percent. Its income is over Rp 8 billion (US$909,090)," he said.

The decision to dismiss the workers occurred after the
government sold shares in the company to PT Guthrie Logistic
Private Ltd. on Dec. 13, 2002. PT Guthrie dominates ownership of
the hotel with a 75.97 percent shareholding, followed by PT
Mitsui & Co. (21.36 percent) and PT JAL Hotels Co. (2.67
percent). -- JP