State-owned telecommunication business PT Industri Telekomunikasi Indonesia Persero (INTI) is paying its employees’ salaries in installations on the premises of monetary restraints dealt with by the company.
The company has been partially delaying wage payments given that May in 2015. As of August this year, the business has actually paid the installment of Rp 1 million (US$6728) for the delayed February income.
The scheme became part of efforts taken by the company to pay workers’ incomes in accordance with the business’s financial capabilities, INTI president director Otong Iip said. Wages would continue to be paid in installments up until at least the end of the year.
” This scenario is brought on by the business’s negative operating cash flow and equity,” he said in a declaration on Thursday.
Numerous staff members had actually objected in front of the INTI workplace in Bandung on Aug. 29, demanding info concerning the postponed wage from the company, which has 450 workers.
INTI has actually faced a declining monetary scenario because2014
” Among the factors is past tasks that have actually caused substantial losses. The [financial pressure] continued up until the business’s nonproductive debt reached 90 percent,” Otong described.
The management began changing business, finances, human resources and management by the end of2019 They likewise performed financial obligation restructuring and possession optimization following the company’s decreasing financial performance.
” We are likewise supported by INTI’s entrance to the telecommunication market cluster, so the company has a clear direction in organization by focusing on Telkom Group clients,” Otong included. ( dpk)
