MYOR – Management responds to employee layoffs

MYOR – Management responds to employee layoffs Mayora Indah (MYOR) has denied rumors of employee layoffs, stating that all permanent employees continue to work as usual. The company clarified that recent workforce reductions only involved temporary outsourced workers hired to support increased production ahead of the Eid holiday. The adjustment has no impact on permanent staff or business operations. Mayora also emphasized that fluctuations in its stock price are purely market-driven. Note that, MYOR recorded revenue of IDR36.07 tn (+14.57% yoy), but MYOR’ net profit declined 5.46% yoy to IDR3.07 tn due to higher expenses, in FY24. (Source : Emiten News)