Inp.polri.go.id - Jakarta. Indonesia’s sovereign wealth fund Danantara has assured that no layoffs will occur during the ongoing consolidation of state-owned enterprises, even as more than 1,000 entities are merged into a streamlined structure. 

“We will consolidate from 1,067 companies into around 250 entities, with a clear principle that there must be no layoffs,” said Danantara Senior Director for Business Performance and Assets Optimization Bhimo Aryanto on Saturday (13/12/2025), as cited by antaranews.com.

The consolidation aims to improve efficiency, competitiveness, and asset performance through restructuring, resource reallocation, and organizational optimization rather than job cuts. Danantara is accelerating the merger timeline, targeting completion in 2026 instead of 2027, to address time constraints and global competition pressures.

According to Danantara, efficiency gains will also come from reducing overlapping corporate layers, boards, and management structures that have weakened competitiveness. The policy applies nationwide and covers parent companies as well as subsidiaries under the state-owned enterprises ecosystem.

(mg/inp/pr/rs)