Indonesian Political, Business & Finance News

Japan Servo shuts down three plants in Batam

| Source: ANT
Batam (ANTARA News/Asia Pulse) - Japanese electronics company Japan Servo has shut down three of its seven plants in the industrialized island of Batam because of declining orders.

Since early this year the company had slashed the number of its workers, Indonesian manpower office head Rudi Sakyakirti said on Tuesday. Early last year, Japan Servo discharged 700 of its 2,400 workers, he said.

The current global financial crisis had caused the company to scale down its production which eventually led to the reduction of its workers.
Tags: business
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