KONTAN.CO.ID - JAKARTA. Conventional taxi operator PT Express Transindo Utama has laid off 400 of its employees by the third quarter of 2017, following the decline of its financial performance, which is believed to be a result of failing to compete with ride hailing apps. Benny Setiawan, CEO of PT Express Transindo Utama or the Express Group, an operator of Taksi Express, said that his company would not lay off more of its employees because they had reached an ideal number of employees. “We managed to reach efficiency by laying off 400 employees,” said Benny in Jakarta as reported by tribunnews.com.
Taksi Express lays off 400 employees by Q3
KONTAN.CO.ID - JAKARTA. Conventional taxi operator PT Express Transindo Utama has laid off 400 of its employees by the third quarter of 2017, following the decline of its financial performance, which is believed to be a result of failing to compete with ride hailing apps. Benny Setiawan, CEO of PT Express Transindo Utama or the Express Group, an operator of Taksi Express, said that his company would not lay off more of its employees because they had reached an ideal number of employees. “We managed to reach efficiency by laying off 400 employees,” said Benny in Jakarta as reported by tribunnews.com.