Indofarma Down to 3 Employees After Massโ Layoffs,Danantara Explains Restructuring Plan
Jakarta,November 11,2025 โค- State-owned pharmaceutical holding company Danantara has addressed the recentโข drastic reduction in Indofarma’s workforce,leaving theโ company with only three remaining employeesโฃ following layoffs impacting โฃ413 workers on September 15,2025. Danantara officials state the move is partโ of a necessary โrestructuring plan aimed at turning around the financially โstruggling pharmaceutical firm.
According โฃto statements made by โฃDony, a representative from Danantara, the layoffs and subsequent consolidation under Kimia Farma are โคdesigned to improve operational โฃefficiency and financial health. “The point is, we, the goverment at Danantara, cannot possibly do anything that isโค not appropriate. That’s why they’re all โhappy,โค right.โฃ So they’re happy, this is part of the turn around. Later, Indofarma will come โฃunderโค Kimia Farma and becomeโค aโค console,” โhe โฃexplained.
Danantara emphasized that โขcapitalโ injection intoโ Indofarma will onlyโ occur if the company โdemonstrates a viableโ pathโฃ to recovery. “If the company doesn’t have a โคhealthy profile, it’s โคno use giving money from a business that doesn’tโฃ exist. So we have to โคbe logical. if โคit’sโ people’s money, then we want to divide it up, if we don’t find it, โit’s perilous, right. โSo, we’re calculating this at โIndofarma too. Later, Indofarmaโ will merge โคwith Kimia Farma,” Dony stated.
Theโค layoffs are part โคof a broader restructuringโฃ program announced by Indofarma management, detailedโข in a disclosure to the indonesian Stock Exchange (BEI). The program focuses on financial restructuring and business reorientation, โaimingโ to reduce operational costs and increase sustainability.
“PT Indofarma Tbk is making effortsโ to improve and recover by carrying out corporateโ restructuring.This โคdraft Restructuring โPlan is part of the implementationโฃ of the Corporate Restructuring Strategy through financial restructuring and business reorientation,” Indofarma management said โคin the disclosure.
The company is also continuing to follow up on a peace agreement reached in itsโข Postponement of Debt Payment Obligations (PKPU) proceedings, as outlined inโ Peace Decision Number 74/PDT.SUS-PKPU/2024/PN.NIAGA.JKT.PST dated Augustโ 15, 2024. Indofarma has secured funding to support the implementation ofโ efficiency measures mandated by the homologation decision.
Indofarma management assured that all โemployee rightsโ will be fulfilled,stating,”With this funding support,Indofarma ensures that all obligations related โto employee rights are completed in accordance with applicable regulations.”
(acd/acd)
