So, I just read that Merpati's pretty much out of assets. They've only got about IDR2 billion left, while their debt is a whopping IDR11.4 trillion! That's a huge gap. Most of their stuff has been sold off, and now they're left with just one asset worth around IDR15 billion. But there are problems with land control and execution costs, so who knows how much they'll actually get from it.
It sucks for the 1,225 former employees who are probably wondering if they'll see any of the money they're owed. The worker-related claims are around IDR317.5 billion. Doesn't look good for them getting much, if anything, back.
I wonder how this situation could've been managed differently. Did the management just drop the ball, or were there bigger issues at play? And what do you think happens to the employees now? Are there any options for them, or is it just a lost cause? Would love to hear what you guys think about this whole mess.
It sucks for the 1,225 former employees who are probably wondering if they'll see any of the money they're owed. The worker-related claims are around IDR317.5 billion. Doesn't look good for them getting much, if anything, back.
I wonder how this situation could've been managed differently. Did the management just drop the ball, or were there bigger issues at play? And what do you think happens to the employees now? Are there any options for them, or is it just a lost cause? Would love to hear what you guys think about this whole mess.