Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

President Erdoğan given authority to extend layoff ban for a year

by DAILY SABAH WITH AGENCIES

ISTANBUL Jul 24, 2020 - 12:39 pm GMT+3
President Recep Tayyip Erdoğan speaks via video link during a mass launching ceremony of hydroelectric power plants, Istanbul, Turkey, July 5, 2020. (IHA Photo)
President Recep Tayyip Erdoğan speaks via video link during a mass launching ceremony of hydroelectric power plants, Istanbul, Turkey, July 5, 2020. (IHA Photo)
by DAILY SABAH WITH AGENCIES Jul 24, 2020 12:39 pm

The Turkish Parliament on Thursday approved a law allowing President Recep Tayyip Erdoğan to extend a layoff ban imposed to combat the economic impact of the coronavirus pandemic until July 2021.

The layoff ban was first imposed in April for three months. With the new law, Erdoğan will be allowed to extend the ban by three months each time until June 30, 2021.

The previously passed bill aimed at creating a legal basis for banning layoffs to protect those lacking job security while mitigating the outbreak’s effects on the economy.

Turkey’s headline unemployment rate fell to 12.8% in the March-May period from 13.2% a month earlier, according to official data.

In response to the outbreak, Turkey topped up the wages of employees whose work hours were cut and whose employers applied for the funding.

According to another section of the law, Erdoğan will have the authority to decide for each sector whether to extend the short-term employment allowance benefit, a system that provides additional wages to employees whose hours are cut short.

Under the allowance, the government has paid 60% of staff salaries for a period of three months. The allowance was recently extended to the end of July.

Ankara also paid a daily allowance of TL 39.24 ($5.73) to workers forced to take unpaid leave.

The law also allows the payment of social security premiums from the unemployment fund for three months to private sector companies that returned to normal working hours after benefiting from the short labor pay or cash support system.

The government in mid-March, right after the country reported its first COVID-19 case, announced a relief package – Economic Stability Shield – that slashed taxes for hard-hit sectors and unlocked funding for workers.

As part of measures to support businesses, the country postponed debt payments and reduce the tax burden on various sectors.

The value of the relief package exceeded TL 280 billion (nearly $41 billion) so far, Treasury and Finance Minister Berat Albayrak said last month. With the multiplier effect, the size of the bailout package has hit over TL 600 billion, he added.

  • shortlink copied
  • Last Update: Jul 24, 2020 5:46 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    covid-19 outbreak turkey unemployment jobs economy
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Percival Lugue, who has the Guinness world record for the largest fast-food toy collection, poses with his toy collection in his home in Apalit, Pampanga province, Philippines, April 20, 2021. (REUTERS Photo)

    Filipino man collects record 200,000 toys from fast-food chains

    TOY-MANIA
    Parts of the newly completed last section of the Northern Marmara Motorway, Istanbul, Turkey, May 19, 2021. (DHA Photo)

    Turkey raises speed limits on highways starting from July

    SPEED-LIMIT

    Türkiye inaugurates biggest natural gas storage facility in Europe

    NATURAL-GAS-SUPPLIES

    Istanbul's consulate chronicles: Sudhi Choudhary, Consul General of India

    SUDHI-CHOUDHARY
    No Image
    Fall foliage, Harambe and migrants: Weekly top photos
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021