Effnu Subiyanto
Despite many challenges ahead, the state-owned enterprises' roadmap to establish several new forms of holdings are still progressing in Indonesia. Indonesia's government believes that holdings are the best answer to manage all of 143 remaining state-owned enterprises for ease of control, efficiency, effectiveness in operations, and as a driver to boost bigger profit as well. Based on evidence in the state-owned enterprise PT Semen Indonesia's holding, the holding is tending to ignore labor's welfare. Welfare attention has diverted, and unfortunately, only a few are discussing about labor and its rights, especially in justifying distributing annually bonuses. This chapter investigates that holdings' implementation in Indonesia is significantly contrary in terms of labor's views compared with the original theory to build strong corporations for developing better welfare for all parties. © 2021 by IGI Global. All rights reserved.
Widya Mandala Surabaya Catholic University, Indonesia
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