Jakarta, June 12 -- The Danantara Investment Management Agency (BPI) has confirmed that it will not lay off any employees during the ongoing streamlining of state-owned enterprises.

Danantara Chief Operating Officer Dony Oskaria said in a statement on Thursday that all employees will be retained and will be part of the consolidated company.

The state-owned enterprise (SOE) restructuring effort is being undertaken to improve efficiency and corporate performance.

The government is currently streamlining the number of SOEs from 1,077 to around 200-300, with a target completion date of 2026.

According to Oskaria, President Prabowo Subianto has directed that the SOE transformation must not harm workers.

"Certainly, the President does not ...