The Labor Party and the Confederation of Indonesian Trade Unions (KSPI) embrace the birth of Danantara Investment Management Agency (BPI Danantara), but have doubts on the agency’s commitment to serve the Indonesian people, particularly the working class, given its leadership composition.
“The Minister of Investment, who is also CEO of Danantara, was one of the architects and Chairman of the Omnibus Law Task Force − a policy that has been strongly opposed by workers for destroying their future,” Said Iqbal, President of the Labor Party and KSPI, said as quoted in a statement on Monday, February 24, 2025.
Besides Rosan as CEO, Danantara also has Deputy Minister of State-owned Enterprises (SOEs) Dony Oskaria as Chief Operating Officer (COO) and Chairman of Digital Finance Development at the Indonesian Chamber of Commerce and Industry, Pandu Patria Sjahrir, as Chief Investment Officer (CIO).
“How can workers trust their hard-earned money to those who previously threatened their future with the Omnibus Law?” Said Iqbal asked.
He further highlighted the ongoing wave of layoffs in the electronics sector, questioning whether government officials − including the Minister of Investment, Minister of Manpower, Minister of Industry, and Coordinating Minister for the Economy − are aware of the crisis.
He noted that in early 2025, thousands of workers in the electronics sector had already lost their jobs. PT Sanken has laid off nearly 1,000 employees and shut down its operations to relocate back to Japan. PT Yamaha Musik has dismissed over 1,000 workers as its factory moved to China and Japan. PT Tokai in Bekasi has also terminated hundreds of employees and ceased operations.
Furthermore, Iqbal warned of impending layoffs in the automotive manufacturing sector, particularly in companies producing trucks and dump trucks, such as Toyota, Isuzu, Hino, and Mitsubishi. He attributed this to the influx of imported trucks and dump trucks from China, which enter the market without local manufacturing or employment opportunities.
“How can Danantara align with President Prabowo Subianto’s vision of improving the people’s welfare when it is managed by leaders who have failed to save the real sector?” Said Iqbal said.
He cited the massive layoffs in 2024, where hundreds of thousands of textile workers lost their jobs due to large-scale textile imports from China, facilitated by Ministry of Trade Regulation No. 8/2023.
The Labor Party and KSPI call on the Minister of Investment, the Minister of Manpower, the Minister of Industry, the Minister of Trade, and the Coordinating Minister for the Economy to take measures to stabilize the real sector and gain public trust on Danantara.
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