ID :
61835
Fri, 05/22/2009 - 07:26
Auther :
Shortlink :
https://www.oananews.org//node/61835
The shortlink copeid
NEARLY 20 PCT OF AUTOMOTIVE WORKERS LAID OFF
Jakarta, May 21 (ANTARA) - The Indonesian Automotive Manufacturers Association (Gaikindo) said nearly 20 percent of automotive workers has been laid off as a result of the current global economic crisis.
"The automotive industry resorts to layoffs as a way to deal with a shortfall in domestic motor vehicle sales which reached 20-25 percent in the first quarter of this year," Gaikindo Chairman Bambang Trisulo said here on Thursday.
Most of the laid-off workers were contract workers, he said.
"Although there are layoffs the national automotive industry is still better than those in other countries which had earlier suspended many of their workers because they cannot withstand the worsening global financial crisis," he said.
He said domestic motor vehicle sales might continue to fall until the end of this year, prompting Gaikindo to revise downward its sales target to 400,000-450,000 units for this year.
"In 2008 Gaikindo members sold 600,000 units. But because of the global crisis that deals a blow to the economy of the Indonesian people, we set our sales target for this year at 400,000-450,000 units," he said.
He predicted that domestic motor vehicle sales would recover in 2010 albeit at a slow pace. "But this will depend on how the next government implements its economic policies which can encourage high growth," he said.***
"The automotive industry resorts to layoffs as a way to deal with a shortfall in domestic motor vehicle sales which reached 20-25 percent in the first quarter of this year," Gaikindo Chairman Bambang Trisulo said here on Thursday.
Most of the laid-off workers were contract workers, he said.
"Although there are layoffs the national automotive industry is still better than those in other countries which had earlier suspended many of their workers because they cannot withstand the worsening global financial crisis," he said.
He said domestic motor vehicle sales might continue to fall until the end of this year, prompting Gaikindo to revise downward its sales target to 400,000-450,000 units for this year.
"In 2008 Gaikindo members sold 600,000 units. But because of the global crisis that deals a blow to the economy of the Indonesian people, we set our sales target for this year at 400,000-450,000 units," he said.
He predicted that domestic motor vehicle sales would recover in 2010 albeit at a slow pace. "But this will depend on how the next government implements its economic policies which can encourage high growth," he said.***
