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15,000 workers Laid off until November in Indonesia
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16:52, November 28, 2008

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· U.S. financial crisis triggered global turmoil
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The number of workers in Indonesia who have been laid off until November this year has reached 15,000as a result of the economic crisis, Antara news agency quoted a senior official as reporting on Friday.

Director General for Industrial Relations and Workers Social Security Affairs Myra M Hanartani said the figure would likely continue to increase in accordance with economic crisis conditions.

"I hope the number will not increase further but if the crisis is not improving, it will likely increase," the news agency quoted Myra as saying. He said Thursday that the government was monitoring the conditions in a number of provinces such as Jakarta, West Java, Central Java, East Java, West Kalimantan, Central Kalimantan and Riau in order to make an assessment of the conditions of companies and the impact of the crisis.

Earlier, the Indonesian Chamber of Commerce and Industry (Kadin)estimated that about 200,000 workers would be laid off in the coming six months in Indonesia as a result of the financial crisis.

Kadin Chairman for fiscal and monetary affairs Bambang Soesatyo said businesses in the country had begun entering a difficult time. In December 2008, many companies would even have minus profits.

One of the factors that had begun to affect businesses was the depreciation of the rupiah against foreign currencies, the US dollar in particular.

The rupiah has fallen to 12,000 rupiah per U.S. dollar, even it happened to touch the 13,200 rupiah level.

The weakening of the rupiah hampered companies to boost their production. At the same time, demand for goods abroad was also declining.

Source:Xinhua



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