Legal Proceedings Initiated to Establish Minimum Wage – BRTK
Turkish Cypriot Employers’ Union to Challenge Finalized Minimum Wage Decision
The Turkish Cypriot Employers’ Union has labeled the recently finalized minimum wage decision as a “fiasco” and has announced their intention to take legal action to ensure that future minimum wage determinations are made under proper conditions and in accordance with the law.
In a written statement following the rejection of their objection to the Minimum Wage Determination Commission, the union emphasized the need for measures to reduce the cost of living, stating that significant increases in the minimum wage could negatively impact the economy.
The union expressed concerns over the economic basis for such wage increases, highlighting the lack of resources to cover the rising costs. They criticized the government for not providing sufficient support to employers facing financial difficulties and emphasized the importance of fair and balanced decision-making in setting minimum wage levels.
Pointing to the significant rise in the minimum wage over the years, the union emphasized the need for a more sustainable approach that considers the overall economic impact.
The union warned that excessive increases in the minimum wage could lead to bankruptcies among employers and negatively affect the competitiveness of the country in key sectors such as tourism, education, and construction.
Expressing their commitment to the welfare of workers, the Turkish Cypriot Employers’ Union called for a more measured and balanced approach to setting minimum wage levels, with a focus on controlling the cost of living and supporting employers in the face of economic challenges.
The union expressed concerns about the impact of the rising minimum wage on the overall economy and urged the government to take proactive steps to address the increasing cost of living and support businesses in the country.
In conclusion, the Turkish Cypriot Employers’ Union emphasized the need for a more thoughtful and balanced approach to setting minimum wage levels, and announced their intention to challenge the recent decision in court to ensure a fair and lawful process in the future.
