Massive job cut may have shadow Indonesian economic. Although government deny the news, but the rising in retirement insurance claim or JHT can proof the sign of massive job cut. As applicant must have termination letter to meet the requirement of retirement insurance claim. There are indications that the number is growing by day.
Actually polemic about massive job cut won't happen, if government in this case as regulator can have the data update on time. In this case performance on Labour minister is being tested by giving factual data. Ironically there is news from investment body that questions the validity of the news, because investment plans are rising.
Something strange may be going on, to compare factual fact with the investment plan. Perhaps investment body just questions on the ironic that investments are rising why could be any massive job cut. However this investment body may expert in promoting investment, but doesn't gain control corporate finance affected by rupiah dilution.
This is looked not professional while remark other official that not in its area. This would add bad image to economic team in handling economy problem. Many believe the comments are politically motivated to hide the fact on handling the economic turmoil.
The rising of retirement insurance claim must be used to evaluate massive job cut and looks for cause and minimize the possibility in future. Somehow massive job cut is indicator that economic is getting worst, the situation is frequent too slow to be follow up since data problem make its worst. Again the duty of labour minister have no fast response in this massive job cut.
Usually government action on this situation always deteriorated, eventually massive job cut actually can be prevented by government intervention on fated labour service. But a lot of circle also incredulous government will quick can respond massive job cut. This because available behalf with fated corporate and their access goes to power.
Massive job cut usually will see government formally. With use of rule reason already been made was enough to protect labour fate. Eventually is not the center of problem from massive job cut, there is greater problem that shall be thought up after massive job cut.