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TEMPO.CO, Jakarta - The issuer managing the Blibli platform, PT Global Digital Niaga Tbk (BELI), announced that the company has terminated the employment of 270 employees. This step is claimed to be an effort to adjust the organization for more efficiency and to open up growth opportunities.Director of Global Digital Niaga, Eric Winarta, stated that the company has provided compensation to the 270 employees affected by dismissal. "In its implementation, the Company has provided a compensation package to ensure that the fulfillment of all the rights of the affected employees is in accordance with or even exceeds the provisions of the prevailing labor laws in Indonesia," he said in the information disclosure at the Indonesia Stock Exchange, on Tuesday, November 4, 2025.Eric stated that this organizational adjustment presents its own challenges. Nevertheless, Global Digital Niaga hopes that this step will have a positive impact on the company's performance. "The company's management believes that the organizational adjustment will have a positive impact on the company's performance in the future," he said.By September 30, 2025, Global Digital Niaga recorded a loss of Rp1.85 trillion. Referring to the information disclosure of the Indonesia Stock Exchange (BEI), the company's loss decreased by 0.24 percent compared to the loss in the same period in 2024, which amounted to Rp1.86 trillion.Nevertheless, BELI recorded sales and business revenue of Rp15.2 trillion in 2025, up 25.61 percent from the same period of Rp12.13 trillion in 2024. The total gross profit amounted to Rp2.6 trillion, an increase of 14.47 percent compared to Rp2.3 trillion in 2024.The loss of Blibli was driven by the magnitude of various burdens. These included general and administrative expenses of Rp2.84 trillion, sales expenses of Rp1.52 trillion, cost of goods sold and revenue of Rp12.56 trillion, interest and financial expenses of 182.9 billion, taxes of Rp55.76 billion, as well as other expenses of Rp55.2 billion. In addition, there was a total debt of Rp7.09 trillion.The total assets of Blibli in the third quarter of 2025 amounted to Rp17.52 trillion. This figure increased by 8.45 percent compared to the same period in 2024, which was Rp16.16 trillion.Director of Global Digital Niaga, Ronald Winardi, stated that this increase in assets occurred due to the company's working capital needs and its subsidiaries following business growth opportunities. The increase in assets also included an increase in inventory of Rp1.03 trillion and an increase in receivables of Rp863 billion."The increase in liabilities includes an increase in bank debt of Rp1.2 trillion and an increase in actual expenses of 138.9 billion, other debts of 119.8 billion, and trade debts of 474 billion," said Ronald in an explanation to the BEI regarding the change of more than 20 percent in assets and/or liabilities on the letter dated October 29, 2025.Faiz Zaki contributed to the writing of this article.Editor's Choice: Indonesian Workers Union Urges Ministry Intervention Over Michelin Layoff PlanClick here to get the latest news updates from Tempo on Google News
