Home News National monthly minimum wage increases to 2,324 Turkish Liras

National monthly minimum wage increases to 2,324 Turkish Liras

498
0

National monthly minimum wage increases to 2,324 Turkish Liras

According to the news of Hürriyet Daily News, the year of 2020’s monthly minimum wage in Turkey has been raised to 2,324 Turkish Liras ($391) by a 15-member commission led by Family, Labor and Social Services Minister Zehra Zümrüt Selçuk.

“The expected year-end inflation rate was forecast to be 12 percent,” Selçuk said.

“By increasing this rate by three points, we have kept our promise that we will not allow our workers to be crushed by inflation,” she added.

The minimum wage increased by 15 percent compared to last year.

The minimum wage is determined by the Minimum Wage Detection Commission, which consists of 15 members that represent workers, employers and the government.

The Turkish Confederation of Employer Associations (TİSK) represents the employers’ side during the negotiations, while the Confederation of Turkish Trade Unions (Türk-İş) represents the workers as it is the confederation with the highest number of members.

Türk-İş demanded last month that the minimum wage should be more than 2,578 ($434) Turkish Liras.


Source: Hürriyet Daily News / link: http://www.hurriyetdailynews.com/national-monthly-minimum-wage-increases-to-2-324-turkish-liras-150328
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


Previous articleTurkey’s indigenous car presented to public
Next articleExports and imports in Turkey increased by 0.1% and 9.7%, respectively

LEAVE A REPLY

Please enter your comment!
Please enter your name here