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In order to shield workers and businesses from the financial effects of the powerful earthquakes that struck the southern part of the country earlier this month, Turkey introduced a temporary wage support plan and outlawed layoffs in ten cities on Wednesday.
The actions are a part of the Turkish government’s efforts to lessen the financial effects of the country’s worst earthquake in modern history, which killed tens of thousands of people.
The country’s Official Gazette announced on Wednesday that employers whose workplaces were “heavily or moderately damaged” would receive assistance to partly cover the wages of employees whose hours had been reduced.
Layoffs are currently not allowed in the ten earthquake-affected areas that are declared to be in an emergency.
Following a proposal from President Tayyip Erdogan, the Turkish Parliament declared a three-month state of emergency on February 7.
In an effort to lessen the economic impact of COVID-19, the government also provided salary support and enacted a layoff prohibition in 2020.
According to business organizations and economists, the earthquake could cost Ankara up to $100 billion in reconstruction costs for infrastructure and housing, which would reduce this year’s economic development by 1% to 2%.
