In response to the devastating earthquakes that hit southern Turkey earlier this month, the Turkish government has launched a temporary wage support scheme and banned layoffs in 10 cities.
These measures are intended to protect workers and businesses from the financial impact of the natural disaster, which has been described as Turkey’s worst earthquake in modern history and has left a huge chunk of the population dead.
Under the temporary wage support scheme, employers whose workplaces were heavily or moderately damaged will receive financial support to partially cover the wages of workers whose hours have been reduced. Meanwhile, a ban on layoffs has been introduced in 10 provinces that have been affected by the earthquake and are covered by a state of emergency.
This is not the first time that the Turkish government has implemented such measures to mitigate the economic impact of a crisis. Last year, they offered salary support and imposed a layoff ban in response to the COVID-19 pandemic.
However, the economic impact of the earthquake is expected to be substantial, with estimates suggesting that it could cost up to $100 billion to rebuild housing and infrastructure.
Turkey’s economic growth this year is also likely to see a dip by one or two percent. Despite this, the government’s measures are aimed at providing short term relief to workers and businesses, while longer-term efforts are made to rebuild and recover from the disaster.
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