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[JAKARTA] Employees of Indonesia’s aquaculture startup eFishery have pushed back against allegations of systematic fraud within the company, staging a protest on Thursday (Jan 23) to demand transparency and a thorough investigation. 

Over 100 members of the workers’ union gathered in Bandung – the headquarters of one of the country’s most prominent startups – to urge management and investors to address the accusations and resolve the turmoil disrupting operations at the company.

The workers are also demanding that the company scrap its mass layoff plan and reconsider business lines that can be developed. “This is based on the fact that eFishery still has cash and liquid assets exceeding one trillion rupiah (S$83.4 million), while its ongoing business exceeds three trillion rupiah”, according to a press release issued by the union.

Risyad Azhari, a representative of eFishery’s workers’ union, told The Business Times that the employees held an open discussion, with the outcomes to be submitted to the company’s new chief executive officer and management team.

The company’s operations are believed to be disrupted by ongoing employee protests, as workers voice concerns over the fate of their jobs and the potential risk of layoffs amid ongoing financial and governance issues.