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(ECO) GOVERNMENT AND LABOR UNIONS REACH AGREEMENT ON COLLECTIVE BARGAINING.


ANKARA, Jul 8, 2009 (TUR tur: see ibex. ) -- Turkish government and Turkey's leading labor unions labor union: see union, labor.  reached an agreement on collective bargaining collective bargaining, in labor relations, procedure whereby an employer or employers agree to discuss the conditions of work by bargaining with representatives of the employees, usually a labor union.  talks on Tuesday.

Turkish State Minister Hayati Yazici and Confederation of Turkish Labor Unions (Turk-Is) concluded the talks that will affect the wages of nearly 270,000 public sector workers, officials said.

Parties agreed that there shall be a 3 percent increase in wages of public workers during the first half of the year, and a 5.5 percent rise in the second half. It was also decided that low wages shall be increased 60 TL (40 USD USD

In currencies, this is the abbreviation for the U.S. Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
).

Earlier on Tuesday, public sector workers, organised under the roof of Turk-Is, went on a one-hour strike throughout Turkey in order to protest the government who turned down their demands in the collective bargaining talks.

Hours after today's strike, government and Turk-Is officials reached an agreement in the afternoon.

(THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population.  PULSE)
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Publication:Anadolu (Eskisehir, Turkey)
Date:Jul 8, 2009
Words:148
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