Page 54 - e-KLIPING KETENAGAKERJAAN 5 APRIL 2021

Judul Three Game-Changers Against Indonesia's Economic Contraction
Nama Media republika.co.id
Newstrend Dampak Virus Corona dalam Ketenagakerjaan
Halaman/URL https://www.republika.co.id/berita/qqyzj1282/three-gamechangers-
against-indonesias-economic-contraction
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The world faces tough challenges when the Covid-19 pandemic hits various parts of human life,
including the economy. Indonesia without exception has been severely affected by the economic
impact of this corona pandemic. The micro, small and medium enterprises (MSMEs/UMKM) sector
was hit by the pandemic wave quite badly. There are around 30 million MSMEs that have been
directly and indirectly affected by the Covid-19 pandemic. The Indonesian Minister of Manpower
Ida Fauziyah noted that 17.8 percent of companies made layoffs (PHK-pemutusan hubungan
kerja) during the Covid-19 pandemic. As many as 25.6 percent of companies lay off workers,
and 10 percent of companies do both.

THREE GAME-CHANGERS AGAINST INDONESIA'S ECONOMIC CONTRACTION
By Elba Damhuri, Head of Republika.co.id The world faces tough challenges when the Covid-19
pandemic hits various parts of human life, including the economy. Indonesia without exception
has been severely affected by the economic impact of this corona pandemic.

The micro, small and medium enterprises (MSMEs/UMKM) sector was hit by the pandemic wave
quite badly. There are around 30 million MSMEs that have been directly and indirectly affected
by the Covid-19 pandemic.

The Indonesian Minister of Manpower Ida Fauziyah noted that 17.8 percent of companies made
layoffs (PHK-pemutusan hubungan kerja) during the Covid-19 pandemic. As many as 25.6
percent of companies lay off workers, and 10 percent of companies do both.

The survey by the Ministry of Manpower in 2020 showed that around 88 percent of companies
were affected by the pandemic which resulted in losses to company operations. The company's
performance also has a direct impact on the performance of the banking industry, which must
restructure loans.

It is not surprising that Indonesia's economic growth in 2020 will be minus 2.07 percent. The
same trend is expected to continue in the first quarter of 2021.

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