IBRA employees' severance pay

IBRA employees' severance pay

From Koran Tempo

The Indonesian Bank Restructuring Agency (IBRA) is making severance pay available for its 2,500 employees, worth half a trillion rupiah.

Some 1,600 of its regular employees and 900 workers on a contract basis will be relieved of their jobs with the end of IBRA's assignment period on Feb. 27.

With the task of improving the conditions of unsound banks and selling their assets, IBRA has never announced to the public the achievements it has made, or the losses it has inflicted on the state.

It has been common knowledge that IBRA officials receive big salaries and various allowances. Now as the agency is to be liquidated, its employees reportedly demand fantastic sums of severance pay. Who is supposed to control it? This may be the fate of a country governed mostly by corrupt and crooked bureaucrats and politicians.

SIAN BARINGIN Tangerang, Banten