Krakatau Steel denies it will carry out layoffs – The Jakarta Post – Jakarta Post
State-owned steel producer PT Krakatau Steel has denied rumors that the company will layoff more than 2,000 people in an effort to improve its financial performance. The rumor is false, Krakatau Steel president director Silmy Karim said in a statement. There are many ways for a company to restructure its organization and firing employees is…