Adil Al Hasan, Jakarta – Senior Director of Business Performance and Asset Optimization of the Investment Management Agency Danantara Indonesia Bhimo Aryanto speaks out about the state-owned enterprises (BUMN) business merger process. He ensures that there will be no layoffs during the merger process of these state-owned companies.

Bhimo explained that about 1,067 companies will be streamlined into approximately 250 BUMN and their subsidiaries through a business merger. "The stages, essentially from 1,067, we want to squeeze efficiently into around 250 companies, with the condition that there should be no lay-offs," he said in Jakarta as quoted from Antara, Saturday, December 13, 2025.

For example, with a golden shakehand decision, the internal rate of return should also be quite good. "So it doesn't have to lay off, we can reallocate resources like that," he said.

According to Bhimo, Danantara Indonesia is currently accelerating the BUMN merger process, originally scheduled for completion in 2027, but is now expected to be finished by 2026.

"What should have been completed in 2027, we shortened it to 2026. So, we at Danantara also believe that, instead of pushing everything, yes. Because we know our time is limited, all BUMNs are now running fast, and we also manage project management every day, we monitor," Bhimo said.

Bhimo stated that the restructuring process of the BUMN will create many efficiencies. The cost savings also include reducing the number of the Board of Commissioners (BOC) and Board of Directors (BOD).

"When one company has to compete with another company, then efficiency becomes important. And when the layers are quite a lot, because it has to get a margin, because everything has to be armslength, we imagine at least say 7 percent, 15 percent, if it's 3-4 layers, then it has to compete with other players, how many percent it is not competitive, because it is not efficient compared to other players," Bhimo said.

Previously, the President Director of PT Waskita Beton Precast Tbk (WSBP), Anak Agung Gede Sumadi, said that the merger plan of several BUMN Karya is still in process. "The integration plan of BUMN Karya is currently being evaluated and audited throughout BUMN Karya by Danantara," he said in the information disclosure on the Indonesia Stock Exchange, quoted on Friday, December 12, 2025.

Sumadi said that his company regularly coordinates with the parent company, PT Waskita Karya (Persero) Tbk (WSKT), in this business combination process. As for the seven BUMN Karya that will be merged, they include PT Adhi Karya (Persero) Tbk, PT Wijaya Karya (Persero) Tbk, PT Hutama Karya (Persero), PT PP (Persero) Tbk, PT Waskita Karya (Persero) Tbk, PT Brantas Abipraya (Persero), and PT Nindya Karya (Persero).

However, Sumadi stated that his company cannot confirm how the integration of the BUMN Karya will impact WSBP's performance. According to him, the impact cannot be determined because the final scheme on the BUMN Karya subsidiaries has not been established.

Source: https://en.tempo.co/read/2073334/danantara-assures-no-layoffs-amid-accelerated-soe-merger