TL 1,300 minimum wage to take effect in January, says economy minister

Interim Economy Minister Nihat Zeybekci announced on Friday that the monthly minimum wage will be raised to TL 1,300 from TL 1,000 as of January 2016.

Speaking to the reporters at the parliament, Zeybekci stated that the increase in the minimum wage will be introduced in three months.

The minimum wage in Turkey was ranked 20th out of 26 member states of the Organization for Economic Cooperation and Development (OECD), according to the organization’s recently released report

Since the minimum wage hike will bring an extra burden of nearly TL 1,000 per employee for businesses, company owners and employer unions are expected to challenge the government attempt, although market experts say a last-minute change of mind on the new government’s side is hard.

SOURCE: CIHAN

Related Post
PESHAWAR, -- At least 10 people were killed and 30 others injured on Friday when
Turkish Prime Minister Ahmet Davutoglu had meeting with the members of presidential council of Bosnia
The report said that the police operation, which is seen the part of the ongoing