Türkiye raises minimum wage by 34 pct to 11,402 lira – Labour minister

Türkiye raises minimum wage by 34 pct to 11,402 lira – Labour minister

In the assembly between Vedat Işıkhan, the Minister of Labor and Social Security, Özgür Burak Akkol, the Chairman of the Turkish Confederation of Employers’ Unions (TİSK), and Ergün Atalay, the Chairman of TÜRK-İŞ, the minimal wage interim enhance for 2023 was mentioned.

Minister Işıkhan introduced the outcomes of the assembly, stating that the gross minimal wage for the second half of 2023 has been set at 13,414 Turkish liras, whereas the web minimal wage will likely be 11,402 Turkish liras.

The enhance represents a 34 % rise, together with the welfare share, which surpasses the inflation charge. Compared to the second half of the earlier yr, the minimal wage has elevated by 107 %.

Since 2002, the minimal wage has been raised 61 occasions nominally and roughly 312 % in actual phrases. This demonstrates the federal government’s dedication to offering a big share of the rise in welfare to staff, moderately than subjecting them to the results of inflation.

Minister Işıkhan additionally talked about that the federal government will proceed to supply minimal wage help, growing it from 400 Turkish liras to 500 Turkish liras for the subsequent six months.

The minimal wage is often adjusted yearly, however this interim enhance goals to guard the buying energy of staff in opposition to inflation.

The Minister emphasised the significance of consensus and the management of the President in reaching this end result, as has been the case for the previous 21 years.

The goal of this enhance is to safeguard staff, preserve manufacturing, and help employment. The Minister expressed hope that this determine would profit staff, employers, and your complete nation.

Source: www.anews.com.tr