Severance pay reform may get clear on Nov. 11

The government had asked unions and employers to come to an agreement until the first week of November, Turkish Labor Minister says

Severance pay reform may get clear on Nov. 11

World Bulletin/News Desk

Turkish unions, employers and government will meet on November 11 to come to an agreement on severance pay reform, Turkish labor minister said on Friday, mentioning expectation to end debates on the reform that would affect retirement pensions.

Emphasizing that the unions and employers have earlier gathered several times to finalize the debate, Labor and Social Security Minister Faruk Celik said to reporters that “We asked for this debate to end in the first week of November.”

“The three parts will come together on Monday at 11 a.m. If an agreement comes out, we will inform the press,” the minister said.

Celik said that if the sides fail to come to an agreement, they will continue “'negotiating until they do so,' in accordance with the Turkish Prime Minister Recep Tayyip Erdogan's order."

The severance pay reform formulated by the government aims to take compensations under state guarantee by establishing a fund system.

Last Mod: 09 Kasım 2013, 09:35
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