New Minimum Wage In Force

ANKARA - New minimum wage which was announced by the Minimum Wage Fixing Commission is valid as of Thursday.
The new minimum wage was set as net 303 million 79 thousand 500 Turkish liras (TL) for workers who are above 16 years of age.
The new gross minimum wage for workers older than 16 will be 423 million TL and net minimum wage for those workers will be 303 million 79 thousand 500 TL.
The gross minimum wage for employees younger than 16 will be 360 million TL and net minimum wage for those workers will be 257 million 940 thousand TL.
The new minimum wage will be valid between January 1, 2004 and June 30, 2004.
Minimum Wage Fixing Commission will convene again in June and set the new minimum wage which will be valid as of July 1, 2004.
(EÖ-BRC) 01.01.2004