Employees accept severance package at Resources Prima's coal hauling subsidiary
SUSPENDED Catalist-listed Indonesian coal miner Resources Prima Group said all 96 employees of coal hauling subsidiary PT Energy Indonesia Resources have accepted a voluntary severance package, costing the group US$126,000 net of tax.
This comes after the subsidiary's operations, which were dependent on the group's coal mining activities, were suspended.
The group previously said that all employees at its main operating subsidiary PT Rinjani Kartanegara have similarly accepted a voluntary severance package costing the group US$800,000 net of tax.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Vietnam loosens bank safeguards to spur growth, stoking prudential concerns
High Court dismisses StanChart's appeal to strike out US$2.7 billion 1MDB-linked lawsuit
Can Vietnam’s small-business backbone survive a compliance squeeze – all at once?