Survey: 9 in Every 10 Companies in Indonesia Incur Losses due to Pandemic

November 24, 2020, 11.02 PM
A file photo of infrastructure at Indonesian state gas utility PT Perusahaan Gas Negaras (PGN). After the pandemic, the most in-demand technical skills include information and communication technology and industrial technology for product diversification. Dok. PGNA file photo of infrastructure at Indonesian state gas utility PT Perusahaan Gas Negaras (PGN). After the pandemic, the most in-demand technical skills include information and communication technology and industrial technology for product diversification.

JAKARTA, KOMPAS.com – About 88 percent of companies in Indonesia suffered losses in the last six months due to the Covid-19 pandemic, a survey of the Manpower Ministry showed.
The survey stated that nine out of 10 companies in the country were directly affected by the coronavirus crisis.

“These losses are generally caused by decreased sales, therefore their production must be reduced,” said Bambang Satrio Lelono, Manpower Planning and Development Agency head at the Ministry of Manpower, in a statement on Tuesday, November 24.

Based on the survey conducted by the Manpower Ministry in collaboration with the Institute for Development of Economics and Finance (Indef), the decline in demand has reached more than 90 percent.

Also readManpower Minister Ida Fauziyah Promises 5.6 Million Jobs for Indonesians

The companies that were most affected include the food and beverage industry, real estate, and construction. However, most companies still keep their employees.

The survey said only 17.8 percent of businesses resorted to layoffs, 25.6 percent imposed unpaid leave, and 10 percent implemented both.

“This is the only way for the companies to carry out efficiency amid the pandemic,” said Bambang.

Bambang went on to say that after the pandemic the most in-demand technical skills highlighted in the survey were information and communication technology and industrial technology for product diversification.

Also readMinistry of Manpower to Invest Rp 2 Billion in Indonesia’s Film Industry

To cater to this, he said, both the government and private sector need to provide education and training programs in the technology sector.

“After the pandemic, work from home will likely be the main choice for companies,” he said, adding that even though reducing the number of workers and salary cuts are inevitable.

(Writer: Elsa Catriana | Editor: Bambang P. Jatmiko)

Source: https://money.kompas.com/read/2020/11/24/185926126/survei-kemnaker-88-persen-perusahaan-terdampak-pandemi-covid-19.



Recommendation


Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

Close Ads X