In our company, severance and notice payments are made within the framework of the Labor Law No. 4857 and the provisions of the Collective Bargaining Agreement. In this context;
Seniority Indemnity:
Personnel whose employment contract is terminated according to one of the situations specified in the Labor Law No. 4857 and which require payment of severance indemnity, and who have worked with our company for more than one year, are paid severance pay in the amount of 30 days' gross wage for each full year of service.
In accordance with the Collective Bargaining Agreement, unionized personnel are paid severance pay in the amount of 45 day-gross wage (not exceeding the legal severance pay ceiling) for each full year of service.
Notice Indemnity:
For the worker whose work days last;
- less than 6 months; 2 weeks,
- from 6 months to 1.5 years; 4 weeks,
- from 1.5 to 3 years; 6 weeks,
- more than 3 years; 8 weeks,
after the notification is made to the other party.
For unionized employees, these periods are increased by one week in accordance with the Collective Bargaining Agreement.
The party that does not comply with the notification requirement is obliged to pay the other party the compensation amounting to the fee for the notification period.
