each firm should hire one jobless person
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

President Recep Tayyip Erdogan:

Each firm should hire one jobless person

Arab Today, arab today

Arab Today, arab today Each firm should hire one jobless person

Turkish President Tayyip Erdogan
Istanbul - Arab Today

Turkish President Recep Tayyip Erdogan on Sunday came up with a novel scheme to rein in the country's high unemployment levels, saying that every company should take on one unemployed person.

Turkey's main private sector organisation, the Union of Chambers and Commodity Exchanges of Turkey (TOBB), has around one-and-a-half million members, Erdogan said in a speech to business leaders.

"If each member takes on one person... that would mean work for 1.5 million unemployed people" said Erdogan.

"Unfortunately, we cannot take our money to the grave. It remains here. In that case, let's give work to those who don't have any," he told a conference on health and work security in Istanbul.

"What would a company lose?" he asked rhetorically.

"Will it collapse if it hires one person? No, on the contrary, it will benefit. It's as simple as that, " he concluded, to measured applause from the assembled business leaders.

Regularly accused of populism, it is not the first time the business community the Turkish president's interventionist approach on economic issues has worried the business community.

He has already made repeated calls on Turkey's central bank to lower interest rates, at the risk of boosting inflation.

After a prosperous decade, the Turkish economy has dropped off since 2012, with economic growth slowing to four percent last year, a high public spending deficit and unemployment at over 10 percent.

The country has also been shaken by a series of bombings, attributed to Kurdish nationalists or the Islamic State group, which have left its tourism sector in crisis.

Nonetheless Standard and Poor's on Friday upgraded its outlook for Turkey's credit rating, judging the prospects for the nation's economy to be stable despite political instability that may dampen growth and reform plans.

Erdogan's prime minister Ahmet Davutoglu announced on Thursday that he was quitting.

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

each firm should hire one jobless person each firm should hire one jobless person

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

each firm should hire one jobless person each firm should hire one jobless person

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday