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Judul Provide varied stimulus to prevent work termination: Economist
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The government should offer an array of adequate stimulus to prevent work termination from
corporations, according to economist at the University of Indonesia's Economy and Business
Faculty Teuku Riefky.

PROVIDE VARIED STIMULUS TO PREVENT WORK TERMINATION: ECONOMIST

The government should offer an array of adequate stimulus to prevent work termination from
corporations, according to economist at the University of Indonesia's Economy and Business
Faculty Teuku Riefky.

"One of the steps that the government can take is by providing salary subsidy and tax cut for
corporations that do not conduct work termination," Riefky told ANTARA here on Wednesday.

The economist opined that work termination was inevitable amid the extension of Public Activity
Restriction (PPKM) Level 3 and 4.

"I feel like the increasing work termination is natural, given the fact that PPKM was extended.
Other countries under lockdown are also experiencing increasing incidents of work termination,"
Riefky noted.

To this end, he elaborated that work termination was normal on the back of economic activities
failing to proceed as normal amid the pandemic.

Hence, given the limited fiscal condition, Riefky admitted to it being too expensive for the
government to prevent work termination.

In addition, he believes that if work termination were to be blocked, then this would pressure
companies that could push them to the brink of bankruptcy.

To this end, he noted that the real solution lies in the application of a strong social safety net
policy, so that citizens, who were terminated, can still meet their basic needs.

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