The Ministry of Manpower noted that 60 textile companies may soon go bankrupt after being severely hit by financial problems since 2023 and due to the issuance of import regulations.
Immanuel Ebenezer, Deputy Minister of Manpower, accused the issuance of the Minister of Trade Regulation (Permendag) No. 8/2024 as the main cause of the collapse of these textile companies.
The 2024 Trade Minister regulation, which is about import policies and regulations, is the fourth revision of the same regulation.
Heru Widianto, Director of Institutions and Prevention of Industrial Relations Disputes at the Ministry of Manpower, said that the revision of Permendag No. 8/2024 was a proposal created by the Tripartite Cooperation…
