On chopping block

War impact

One company that has fallen victim to the war is PT Xacti Indonesia, formerly known as Sanyo. The company, which has been axing workers since last year due to financial hardships, was forced to close shop permanently this month, three months into the war.

Located in Depok, West Java, Xacti has laid off 350 workers, officially ending its production of digital imaging devices, electronic components and printed circuit boards.

Said did not name all 10 companies that are about to slash the number of workers but mentioned companies including PT Lung Cheong Brothers Industrial and PT Parkland World Indonesia which fired workers this month, both manufacturers of footwear and textile products.