JAKARTA, TheIndonesiaPost – The brave step taken by the Minister of State-Owned Enterprises SOE (BUMN) of the Republic of Indonesia, Erick Thohir. Unmitigated, Erick combines dozens of companies from the red plate
SOE Minister Erick Thohir seeks to strengthen state-owned companies by streamlining 51 “children” and “grandchildren” of SOE companies from PT. Garuda Indonesia (Persero) Tbk, PT. Pertamina (Persero) Tbk, and PT. Telekomunikasi Indonesia (Persero) Tbk.
“The step to map the business portfolio of SOEs and SOE companies’ children and grandchildren is an effort to strengthen the company. How businesses are combined, workers become more priority, and strengthen cash flow. What is certain is that we are trying to not terminate employment,” Erick told the press.
Erick hopes that the strategy for the ministry to consolidate, maintain, divest, and transform all policies to anticipate the impact of the Indonesian economy for the better. Moreover, economic problems face severe challenges due to the Corona virus pandemic (Covid-19).
Strengthening this economic sector, continued the Minister of SOEs, including rationalizing 25 subsidiary companies of PT. Pertamina (Persero) Tbk to be consolidated downsized. Pertamina claims to be ready to support the efforts of the shareholders of a subsidiary of PT. Pertamina to strengthen and enter the rationalization program.
“Pertamina has identified and reviewed the corporate structure of the subsidiaries of PT. Pertamina Group. After a thorough study, there were 25 companies with non-active status, these will be liquidated or divested. Those included in the program are particularly in the upstream oil and gas sector, which must operate by special business entities. This is all to strengthen the corporation, “said Pertamina Vice President of Corporate Fajriyah Usman. (hmi/ray/bbs).
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