Turkey's ban on layoffs extended for another three months
A nationwide ban on layoffs will be extended for another three months after mid-July, news broadcaster NTV reported. A new "employment shield" financial aid package is predicted to include continued cash aid to workers on unpaid leave as well as incentives for employers to hire new employees.
Turkey's ban on worker layoffs, originally designed to last until mid-July, will be extended within the "new employment shield" financial aid package, news broadcaster NTV reported on June 9.
While the new package is predicted to extend the ban on layoffs for another three months, cash aid to workers on unpaid leave will also continue for another quarter.
This amount is a daily 39 liras and 24 kurus, which adds up to 1,177 liras monthly (less than $200).Workers on unpaid leave getting state aid less than half of hunger threshold
The package will reportedly subsidize employers for bonuses to employees who have returned to work full time.
A financial incentive to register workers who are not in the social security institution is predicted to be included in the new financial aid package.
Registering any workers who worked between January 1, 2019 and April 17, 2020 will qualify businesses for financial aid, which will come out of the unemployment fund.
Hiring new employees will also help businesses qualify for cash aid until the end of September.1 in 4 workers in Istanbul has lost job because of coronavirus, says report