The Number of Garuda Indonesia Employees Has Continuously Decreased Since 2015

Employment

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Yosepha Pusparisa 15/07/2020 13:30 WIB

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Reducing the workforce is one of the ways to cut Garuda Indonesia's operational costs.

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The Number of Garuda Indonesia Employees Has Continuously Decreased Since 2015

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Number of Garuda Indonesia Employees

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PT Garuda Indonesia Tbk is burdened with debt totaling US$2.21 billion, according to a report released last Wednesday (July 1st). This figure is equivalent to Rp 32.16 trillion, based on an exchange rate of Rp 14,500 per USD. Meanwhile, Garuda Indonesia's remaining cash reserves stand at US$14.5 million, or Rp 210 billion.

Garuda Indonesia is taking several steps to improve the company's efficiency. One of these measures involves reducing its workforce. Currently, at least 400 employees are participating in an early retirement program, and another 800 employees are undergoing rationalization in the form of unpaid leave.

From 2015 to 2019, the number of Garuda Indonesia employees gradually decreased, with the largest reduction occurring in 2019, reaching 713 employees or 4.4%.

Editor : Aria W. Yudhistira

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."