Arutmin employees stage demonstration
Wednesday, October 31 2001 - 04:13 AM WIB
Arutmin employees have staged a demonstration since Tuesday to express concern over the planned purchase of the South Kalimantan coal-mining firm by PT Bumi Resources Tbk.
One of the protesters said that they feared the entry of a new owner would lead to a massive change in management and layoffs.
Arutmin external relations manager Sonny Pangestu confirmed that there had been a demonstration, but Arutmin top officials have flown from Jakarta to South Kalimantan to try to calm the protesters.
Arutmin recently sealed a deal with Bumi Resources to allow the latter to acquire 80 percent stake in the former. Arutmin is one of the country?s major coal mining companies. (Godang)