Economic Calendar

Tuesday, July 14, 2009

Inco Indonesia May Lay Off 500 Workers to Cut Costs, Globe Says

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By Arijit Ghosh

July 14 (Bloomberg) -- PT International Nickel Indonesia, the nation’s biggest producer of the metal, may lay off 500 workers to cut costs, the Jakarta Globe reported, citing an unidentified person.

The company has sought permission from the Manpower Ministry for the layoffs, the newspaper said.

Company spokesman Indra Ginting didn’t immediately respond to a text message sent to his mobile phone.

To contact the reporter on this story: Arijit Ghosh in Jakarta at aghosh@bloomberg.net




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