Turkey takes sweeping steps to cushion coronavirus fallout

ISTANBUL 

Turkey has taken sweeping steps to cushion the economic fallout of the coronavirus pandemic to protect both employers and employees.

Any firm forced out of business due to a Force Majeure, such as the pandemic, can approach the government.

The government will pay 60% of the staff salaries for a period of three months.

With this short-term employment allowance, the government will make direct transfers — within the ranges of 1,752 Turkish liras ($260) to 4,381 liras ($650) — in the employees’ bank accounts directly.

The government will also pay for their health insurance during the period.

With these

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