JAKARTA - Indonesia's main English-language daily, The Jakarta Post, is considering laying off most of its workforce as part of a plan to keep afloat amidst plunging advertising revenue during the Covid-19 pandemic.
This means the daily would only retain a third of its total employees, or between 50 to 60 people, with the rest being promised severance pay, according to the minutes. The remaining shares, among others, are owned by Indonesian dailies Kompas and Sinar Harapan, and the country's most read weekly magazine Tempo.
On the document that went viral, the Jakarta Post's management issued a statement on Thursday, saying:"The lay-off plan, if and when implemented, will only be a last resort and will be part of cost-cutting measures aimed at sustaining the Post in the long run."
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