Jakarta, CNN Indonesia —
PT Garuda Indonesia (Persero) Tbk requires funds of US$ 30 million or equivalent to Rp. 43.2 billion (exchange rate of Rp. 14,400 per US dollar) to execute the program. early retirement stage II employees. This program is one of the efficiency efforts BUMN airline.
“The Phase II (early retirement) program requires funds of US$30 million which will be allocated from the company’s operational funds per month,” said Garuda Indonesia President Director Irfan Setiaputra in an online public expose, Thursday (19/8).
Irfan explained that the Phase II early retirement program will be carried out throughout this year. The total number of employees who will participate in the early retirement program is 1,100 people.
“The execution of the second phase of the program will be carried out in stages considering the company’s conditions and capabilities,” explained Irfan.
Meanwhile, he said the early retirement program had been running since 2020. Last year, 591 employees joined the program.
In addition to early retirement, the state-owned airline made several other efforts to reduce the number of employees.
A number of these efforts include accelerating the completion of contracts for employees with contracts or PKWT, not recruiting employees, and laying off employees with pilot professions in turn.
“We also cut up to 50 percent of total income until the company’s condition improves,” explained Irfan.
For information, Garuda Indonesia posted a net loss of US$2.47 billion throughout 2020. The figure swelled from the 2019 position which lost US$44 million.
This is in line with the company’s revenue from scheduled flights which fell from US$3.44 billion to only US$929 million. Likewise, cargo revenue and scheduled flight documents decreased from US$326 million to US$271 million.
(aud / bir)
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