Indonesia: Almost 1 million people lose jobs in 2022
According to the Indonesian Employers' Association (APINDO), almost 1 million people lost their jobs due to layoffs in the first 11 months of 2022. The data is based on the number of unemployment claims filed to the workers' social security agency, BPJS Ketenagakerjaan.
Almost 1 million people lost their jobs due to layoffs in the first 11 months of 2022 (Photo: ANTARA/VNA)
Jakarta (VNA)𒁃 – According to theIndonesian Employers' Association (APINDO), almost 1 million people losttheir jobs due to layoffs in the first 11 months of 2022. The data is based onthe number of unemployment claims filed to the workers' social security agency,BPJS Ketenagakerjaan.
Speaking in an online press conference on the JobCreation Perpu on January 3, APINDO chairman Hariyadi B Sukamdani said that themass layoffs were an impact of the COVID-19 pandemic, which some companies arestill reeling from. Hariyadi added that decline in export performances wasan another factor and the mass layoffs were also an indirect result of theprovincial minimum wage hike, which forced companies to downsize. To prevent layoffs from spreading further, FinanceMinister Sri Mulyani said the ministry will utilise this year's remainingfiscal space as there is still an ample amount of the state's spending budgetthat can be allocated for November and December 2022. She revealed the allocation of state expenditure isexpected to rise considerably during the last two months of 2022. This willsurely boost the economy's ability to withstand turbulence. The minister said there was still around 1,200 trillion IDR (76.8 billion USD) left of state spending as of November 2022,which will be used to provide social assistance whether in the form of wagesubsidies or other social aid programmes, to act as a social buffer for thepublic. She added that the state budget will also be directedtoward stimulating the business climate for various industrial sectors. Thestimulus policies will still refer to plans included in the national economicrecovery programme (PEN), such as reviving the tourism and manufacturingsectors./.
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Almost 1 million people lost their jobs due to layoffs in the first 11 months of 2022 (Photo: ANTARA/VNA) 
