Indonesian lawmakers warn banks not to use digitalization and AI as cover for layoffs
At a hearing on Tuesday, parliament's finance commission, Komisi XI, asked OJK, Indonesia's financial regulator, to review bank governance so digital transformation isn't used to justify one-sided dismissals. The complaint came from the Maybank Indonesia workers' union, and member Amin AK asked OJK to evaluate the bank's performance improvement plan scheme, which he said had become a one-sided tool to pressure staff.
NoteThe politics of AI job cuts have reached Indonesian banking before most of the savings have. Banks planning automation now need a redeployment story ready, because that is the question legislators are asking.