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Coal Prices Drop, Companies Sack Employees

15 May 2015 16:00 WIB

Pekerja melakukan bongkar muat batu bara di Pelabuhan Tanjung Priok, Jakarta, 22 April 2015. Penerimaan negara bukan pajak sektor mineral dan batubara pada kuartal I/2015 mencapai Rp8,7 triliun atau naik 45% dibandingkan dengan realisasi pada periode yang sama tahun lalu senilai Rp6 triliun. Tempo/Tony Hartawan

TEMPO.CO, Jakarta - The dropping price of coal has forced coal mining companies to trim down the number of their employees. "This week, there are 514 employees being laid off, mostly in the minin sector," said Hardy Rampay, Head of the Central Kalimantan Manpower and Transmigration Agency on Thursday, May 14, 2015.

Hardy asserted that the layoffs were carried out by mining companies to mitigate their losses following the recent drop in coal prices. The companies claimed that they have suffered severe financial losses and have to make adjustments.

Hardy said that his agency has made some efforts to prevent employees from being laid off. However, if it is really necessary, Hardy added that companies may lay off their employees after making several agreements.

One of such agreements were the companies will have to prioritize to hire the previously laid off employees if coal prices are improving.

KARANA WW

 

 

 


Adaro Obtains US$380 Million Loan Facility

19 Oktober 2018

Adaro Obtains US$380 Million Loan Facility

PT Adaro Indonesia has obtained a loan of US$380 million, which will be used for

refinancing purposes


BUMI Regrets Thiess' Decision to Stop Mining Operations  

19 Oktober 2018

BUMI Regrets Thiess' Decision to Stop Mining Operations  

Bumi Resources' Director comments on Thiess Contractors Indonesia's decision to
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India Leads Asia's Dash for Coal  

6 Oktober 2015

India Leads Asia's Dash for Coal  

India is opening a mine a month as it races to double coal output by 2020,
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Coal Market Currently Moving to New Equilibrium: Minister

9 Juni 2015

Coal Market Currently Moving to New Equilibrium: Minister

The global coal market is now moving to a new equilibrium,
which will make the national coal industry more efficient, a
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Govt to Increase Coal Mining Royalty

8 Juni 2015

Govt to Increase Coal Mining Royalty

The coal mining royalty would be actually imposed on miners
under mining permits (IUPs) following an amendment of the law
on tariff and non-tax state revenue


Berau Mine May Cease Production

3 Juni 2015

Berau Mine May Cease Production

Battle control over ARMS between co-founder Rothschild and
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Bumi Gets 6 Months Debt Settlement Extension

26 November 2014

Bumi Gets 6 Months Debt Settlement Extension

Bakrie Group's coal mining unit says a Singapore Court has given

a six-month extension of debt payments for three of its

subsidiaries.


Trading Suspension Revoked; BUMI Plummets

8 Oktober 2014

Trading Suspension Revoked; BUMI Plummets

BUMI hits its lowest price in the last 11 years while noting a
99.3-percent year-to-date price decline.


145 Coal Firms Bag Export Recommendations

8 Oktober 2014

145 Coal Firms Bag Export Recommendations

The coal exporter registration rule was issued to, among others,
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Coal Production Limited to 450 Million Tons

2 Oktober 2014

Coal Production Limited to 450 Million Tons

It is important to set a limit on production because we have
to conserve it for use by our future generations.