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ECONOMY
Page 30
Central Bank Reduces Interest Rates for the Sixth Time in a Row
Central Bank has reduced the policy rate (one-week repo auction rate) from 11.25 percent to 10.75 percent, which marks the sixth interest rate cut in a row since July 2019.
19 February 2020
Unemployment Rate in November 2019: 13.3 Percent
The TurkStat has announced the Labor Force Statistics for November 2019. Accordingly, while the number of unemployed has reached 4 million 308 thousand people, the unemployment rate is 13.3 percent with 1 percentage point increase.
10 February 2020
112 Workers Lose Their Lives in January
According to the figures shared by the Health and Safety Labor Watch, while 12 of the deceased workers were women, 100 of them were men. Seven immigrant/refugee workers also lost their lives is occupational homicides in January.
10 February 2020
Pegasus Airlines Dismisses Former Fighter Pilot Who Commented on Plane Crash
Pegasus Airlines has dismissed former fighter pilot Bahadır Altan, who said on TV after the plane crash, “Let’s just stop as a country. We are still talking about the 3rd airport, still opening a canal. The country is an accident waiting to happen.”
7 February 2020
‘I Want My Job Back’ Protest Sentenced to 37 Days in Prison
Protesting for her reinstatement in Düzce for over three years now, discharged architect Alev Şahin has been sentenced to 37 days in prison for violating the Governorship’s ban on her sit-in protests.
6 February 2020
Halkbank Granted Reprieve in US Prosecution Over Iran Sanctions
A court of appeals in Manhattan has granted Turkey’s state-owned Halkbank a temporary stay in Iran sanctions case so that its requests can be heard by a three-judge panel.
4 February 2020
Birleşik Metal-İş Union Agrees with Employers
After the union decided to begin a strike, the Ministry of Labor initiated a new round of negotiations between the union and the employers' association, which resulted in an agreement.
3 February 2020
TurkStat: Annual Inflation is 12.15 Percent
According to the figures shared by the TurkStat for January 2020, consumer inflation has increased by 1.35 percent on a monthly basis and by 12.15 percent on an annual basis. The highest price increase was in eggplant with 81.46 percent.
3 February 2020
2 Miners Trapped Underground in Mine Collapse in Zonguldak
A mine has collapsed in Zonguldak, trapping two miners underground. The mine was reportedly unlicensed and sealed off by the authorities last year.
31 January 2020
Mahir Kılıç Reinstated in His Job: ‘It is a Gain for the Working Class’
Kılıç was on a hunger strike in front of CHP İstanbul Office for 160 days. His request was to be reinstated in his job. As he has been registered in the Social Security Institution (SGK) for his old job, he will end his strike today and start working after his treatment.
30 January 2020
Ayça Söylemez
Ten Thousand Metal Industry Workers to Begin Strike
While the largest workers union has accepted the salary increase offer of the employers, the United Metal Workers' Union has decided for a strike.
30 January 2020
Turkey Scores Lowest-Ever Points in Corruption Perception Index
Turkey has been one of the three countries that lost the most places since 2013, losing 11 points and 38 places.
23 January 2020
Employers' Union Declares Lockout as 130 Thousand Metal Industry Workers Decide to Go on Strike
Negotiations for a collective labor agreement has been in a deadlock as employers and workers have failed to agree on the salary increase.
22 January 2020
Workers Dismissed from Şok Markets: 'Shift Supervisor Drove his Car into us'
A shift supervisor has driven his car into the workers protesting in front of the warehouse of Şok Markets in Kocaeli since they were dismissed over their union activities.
21 January 2020
Hikmet Adal
‘We Were Dismissed Due to Downsizing, They Hired Others on the Same Day’
Four workers working in the warehouse of Şok Markets in Kocaeli have been dismissed due to their union activities: “We were forced to resign. When we did not, we were dismissed and they hired new people on the same day.”
17 January 2020
Central Bank Reduces Interest Rates for the Fifth Time in a Row
Interest rates have fallen by 1,200 basis points since last year.
16 January 2020
'Ninety-Five Percent of Workers Killed in Occupational Homicides Precarious, Non-Union'
"All these deaths are a result of the measures that are not taken and the controls that are not carried out," Kansu Yıldırım from the İSİG Assembly has said.
14 January 2020
Hikmet Adal
Coal Operations Authority Destroys Tons of Cosmetics After Failing to Attract Consumers
The state agency for coal operations had entered the cosmetics sector, producing various goods from shampoos to sunscreens and depilatory creams.
13 January 2020
Number of Unemployed in October 2019: 4 Million 396 Thousand People
The TurkStat has announced the Labor Force Statistics for October 2019. Marking a 1.8-point increase in comparison with last October and a 0.4-point decrease when compared to September 2019, the unemployment rate is 13.4 percent.
10 January 2020
Municipal Employee Not Reinstated or Paid Despite Winning Lawsuits
Dilek Akarca, who has been unemployed for three years, won three lawsuits against Yalova Municipality but was neither paid not reinstated to her job.
8 January 2020
Hikmet Adal
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Annual Inflation in 2019: 11.84 Percent
According to the figures shared by the Turkish Statistical Institute (TurkStat), inflation has increased by 1.74 percent in December 2019 and by 11.84 percent on an annual basis.
3 January 2020
Employers Arrested Over Torture of 2 Child Workers
Previously released on probation, two employers have been arrested over the torture of two child workers upon the objection of the prosecutor’s office.
2 January 2020
Public Officer Not Reinstated Despite Court Verdict
"I won the lawsuit but I don't have a friend at court and I'm an Alevi," Şentürk says.
31 December 2019
Ayça Söylemez
Two Child Workers Tortured by Their Employer
Two siblings working at an auto spare parts shop have been tortured for "forgetting the size of a screw" and "bending a material incorrectly."
27 December 2019
Dead Body of Miner Recovered from Debris of Unlicensed Mine in Şırnak
Trapped under debris after an unlicensed mine collapsed in Şırnak, the dead body of miner Hasan İnal has been taken to the mortuary of Şırnak State Hospital for postmortem examination. Detained yesterday, İnal’s family has been released.
26 December 2019
Kayı Construction Workers Go on Strike in Algeria
More than 300 workers from Turkey, Vietnam and Pakistan have gone on a strike because they have not been able to receive their salaries for over a year.
19 December 2019
Ayça Söylemez
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State-Owned Ziraat Bank Drops Application to Buy Bakery Chain After Erdoğan's Remarks
The bank had applied to buy the majority stake of the Simit Sarayı, a Turkey-based international bakery chain.
19 December 2019
Treasury to Pay 255 Million Euro to Airport Contractor for 'Nonexistent' Passengers
An airport has only had four percent of the number of passengers that was guaranteed in the build-operate-transfer deal. Hence, the Treasury paid for the other 96 percent.
18 December 2019
Unemployment on the Increase: 4 Million 566 People Unemployed in Turkey
According to the Labor Force Statistics released by the TurkStat for September 2019, the number of unemployed people has become 4 million 566 thousand, marking an annual increase of 817 thousand. The unemployment rate has reached 13.8 percent.
16 December 2019
Central Bank Reduces Policy Rate to 12 Percent
The bank reduced the one-week repo rate for the fourth time since July.
12 December 2019
İSİG Assembly: At Least 126 Workers Killed in Occupational Homicides in November
According to the Health and Safety Labor Watch Report, 1,606 workers lost their lives in occupational homicides in 2019.
6 December 2019
Treasury Takes Over Majority Stake in State-Owned Vakıfbank
The Treasury will take over Turkey's third-largest state-owned bank upon a Presidential Decree.
4 December 2019
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