lay off

Jakarta –

Taiwanese shoemaker Pou Chen Corp will lay off employeeslayoffs) to 6,000 employees in Vietnam by the end of this year. This was done because of a drop in demand for orders.

For the initial stage, the shoe factory, which supplies well-known brands such as Adidas and Nike, will lay off 3,000 factory workers this month. Then the remaining 3,000 will not be renewed until the end of 2023.

“The company will carefully respond to the dynamic changes in the business environment,” said Pou Chen as quoted by Reuters, Tuesday (21/2/2023).

The planned layoffs are inversely proportional to the company’s situation in 2021. At that time, the company experienced a labor shortage and manufacturing disruptions in Vietnam due to the COVID-19 pandemic.

The Southeast Asian country is a global hub for manufacturing where its economy in 2022 will grow rapidly in decades. Economists have warned of a headwind by weakening global demand.

Vietnam’s exports in January 2023 fell 26% compared to the previous year and imports fell 24%. A drop in imports can indicate a contraction in the industry as companies cut purchases of materials and equipment for production.

Also watch the video: Ericsson plans to lay off 1,400 employees

(aid/dna)

Jakarta –

The buying and selling startup, OLX Group, is reportedly taking efficiency steps towards its branch office in Indonesia, aka OLX Indonesia. In fact, the company also reportedly intends to sell its automotive business.

Reported from DealStreetAsia, the company is said to have terminated employment (PHK) for 30% of its employees or to be precise 300 of the total 1,000 existing employees. OLX Indonesia is changing its policy of buying and selling used cars on its platform and will slowly start leaving the business to consumer (B2C) model.

So, who is the owner of the OLX Group?

The owner of the OLX Group is Romain Voog. Reporting from the official website of the OLX Group, Saturday (28/01/2023), he has held the position of Chief Executive Officer (CEO) since 2021. Voog takes over as CEO of OLX from Martin Scheepbouwer, who is retiring from corporate life.

Voog is a master graduate from Ecole Centrale Paris. He started his career as a consultant at Bain & Company. His career then continued to the Boston Consulting Group (BCG).

Prior to becoming CEO of OLX, he was Airbnb’s Vice President of Sales Operations and Worldwide Geography. His experience in dealing with cyber consumers is also supported by a series of leadership experiences, including CEO of Global Fashion Group and President of Amazon France.

The OLX Group is a buying and selling startup that was founded in 2006. This company is headquartered in Amsterdam, the Netherlands, and has been operating in more than 30 countries around the world. One of them is Indonesia.

OLX Indonesia has been around since 2014. At that time, OLX took over the online buying and selling platform Tokobagus. Not long ago, the company merged with berniaga.com

At that time, the position of CEO of OLX Indonesia was held by Daniel Tumiwa. Then 2 years later, Daniel resigned from his position and was replaced by Olaf Van Schagen in 2017.

Enlarging its business line, in 2020, OLX Indonesia annexed a startup buying and selling used cars, BeliMobilGue.co.id, which later changed its name to OLX Autos. And at that time, CEO of BeliMobilGue.co.id, Johnny Widodo was appointed to replace Olaf as CEO of OLX, until 2022 yesterday.

In January 2022, Lamudi.co.id reportedly acquired OLX’s property business unit. This condition is the aftermath of the acquisition of Lamudi Group’s parent company, Emerging Markets Property Group (EMPG), which merged with the OLX Group in 2020.

Watch Video ‘OLX Reportedly Cuts 300 Employees’:

[Gambas:Video 20detik]

(fdl/fdl)

Jakarta –

Termination storm (layoffs) still haunts a number of companies in 2023. Now, it is the turn of the buying and selling startup, OLX Group, which is reported to have laid off hundreds of employees.

Reported from DealStreetAsia, Saturday (28/01/2023), a source said, the company is taking efficiency steps towards OLX Indonesia. In fact, the company intends to sell its automotive business.

It was said that as many as 30%, or to be exact, 300 of the total 1,000 staff members were affected. It is also reported that OLX Indonesia has changed the policy of buying and selling used cars on its platform.

He will focus more on consumer to business (B2B) and business to business (B2B) models, and slowly leave the business to consumer (B2C) model.

In addition, quoted from CNBCIn 2020, the parent company of the Lamudi.co.id property company, Emerging Markets Property Group (EMPG), announced a merger with the OLX Group.

In the merger, EPMG received US$ 150 million from the OLX Group and other investors so that the company’s valuation exceeded US$ 1 billion. One of the points of the merger is the handover of OLX’s property classification business operations to EPMG in four countries.

As a result of the agreement, OLX Indonesia’s property business was handed over to Lamudi.co.id, a company owned by EPMG in Indonesia. OLX Indonesia itself focuses on the business of selling used cars which they acquired from the startup Belimobilgue, namely OLX Autos.

(fdl/fdl)