ILO: 170,000 Indonesian workers to face layoff in 2009

Special Report:Global Financial Crisis

JAKARTA, Feb. 4 (Chinese media) -- The International Labor Organization (ILO)

predicted over 170,000 Indonesian workers to lose jobs this year, a paper said

here Wednesday.

Economist at the organization Marcus Powell was quoted by Bisnis Indonesia

as saying that the figure was an initial prediction of the ILO.

The global financial recession has slowed down the world economy.

The recession has trimmed demand and slumped prices of Indonesia's export

products, including textiles, coal, palm oil, rubber and fabricated goods, which

push the corporate to make adjustments by cutting the numbers of workers.

Indonesia is the world's biggest palm oil producer and the world's second

biggest rubber maker.