KRAS Funding & Layoffs: $32M Investment, $47M Cuts
Danantara’s IDR 4.9 Trillion Injection into Krakatau Steel: Restructuring, Layoffs, and a Shifting Board Jakarta, Indonesia – A significant financial lifeline has been thrown to struggling steel giant PT Krakatau Steel (KRAS) with a IDR 4.9 trillion (approximately $310 million USD) investment from Danantara, a move accompanied by a restructuring plan that includes a voluntary … Read more