Turkey Extends The Ban on Layoffs For Two Months

Turkey has extended the ban on layoffs for two months, starting March 17, according to a presidential decree.

The ban was imposed last year to limit the impact of the Coronavirus pandemic on employment and the economy at large. The Turkish President has the power to extend it for a period of three months at most each time, until the middle of this year.

In the same context, the unemployment rate in Turkey increased to 12.9% in the period starting from November, and the labor force participation rate decreased with the start of the impact of the second wave of restrictions related to the Coronavirus on business.