Competition Board Launches Labor Market Investigation into Major Banks Including İş Bankası and Yapı Kredi

Investigation into Labor Market Practices The Turkish Competition Board has launched a comprehensive investigation to determine whether Article 4 of Law No.
4054 on the Protection of Competition has been violated in the labor market.
The probe targets numerous banks, financial institutions, and companies, with major players such as İş Bankası and Yapı Kredi among those under scrutiny.
Public Disclosures from Banks Following the initiation of the investigation, both İş Bankası and Yapı Kredi Bankası issued official statements to the Public Disclosure Platform (KAP).
The banks confirmed that they have received formal notifications regarding the Competition Board's investigation process.
Scope of Law No.
4054 Article 4 of Law No.
4054 prohibits agreements and concerted practices between undertakings that have the object or effect of preventing, distorting, or restricting competition.
This specific inquiry aims to audit labor market practices within the financial sector, focusing on compliance with competition rules regarding employee mobility and wage policies.