Turkey to Temporarily Ban Layoffs With Virus Cases Near 40,000

(Bloomberg) — Turkey is preparing to take new steps to alleviate the damage to its labor market from restrictions imposed during the coronavirus outbreak, offering relief to workers that was immediately criticized as insufficient.The government will ban layoffs for three months and provide a daily stipend of almost 40 liras ($5.8) to people who aren’t…

Turkey to Temporarily Ban Layoffs With Virus Cases Near 40,000

(Bloomberg) — Turkey is preparing to take new steps to alleviate the damage to its labor market from restrictions imposed during the coronavirus outbreak, offering relief to workers that was immediately criticized as insufficient.The government will ban layoffs for three months and provide a daily stipend of almost 40 liras ($5.8) to people who aren’t eligible for unemployment benefits and lost their jobs after March 15, NTV reported Wednesday, citing a draft law proposal by the ruling AK Party. The proposal grants President Recep Tayyip Erdogan the right to extend the ban by up to six months, NTV said.Keeping unemployment in check is among the urgent challenges facing an economy Morgan Stanley says is the most heavily affected by the pandemic across countries in central and eastern Europe, the Middle East and North Africa. The non-farm jobless rate was 15.8% in the three months to January, according to the latest official data.The package of support soon came under withering attack. Arzu Cerkezoglu, head of the lab
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