Thesis And Disertation
Corporate Restructuring : A Case Study of PT Pengerukan Indonesia
A prolonged financial distress condition needs special efforts to turn the companies around. Previous studies indicated various stages amd triggers of tje financial crisis. The turn around efforts cover different area in order to have a comprehensive and satisfying result.
The study highlights the triggers of the financial distress and the restructuring program undergone by PT Pengerukan Indonesia (“the Company”), a subsidiary of PT Pelabuhan Indonesia II (Persero). The Company engages in the dredging and shipyard business, and has ecperienced od financial losses for over a decade. The restructurin comparise different area neamely human resources, finance and assets. In addition, a breakthrough shall be considered in order to ensure the revenue generation.
In summary, the restructuring effort is aimed to improve the financial perfomance and the sustainability of the business in the long run.