Özgün Law Firm

Özgün Law Firm

COMPETITION BOARD INITIATES LABOR MARKET INVESTIGATION INTO BANKS (FEBRUARY 24, 2026)

COMPETITION BOARD INITIATES LABOR MARKET INVESTIGATION INTO BANKS (FEBRUARY 24, 2026)

The Competition Board has initiated an investigation against 26 companies operating in the fields of banking, insurance, and information technologies on suspicion of violating competition in the labor market.

During the preliminary investigation conducted by the Competition Board, allegations were examined that some undertakings may have engaged in no-poach agreements and shared sensitive information affecting competition in the labor market. Based on the findings and assessments, the Board considered the suspicions of potential competition restriction to be serious and sufficient, and decided to file a formal investigation.

Under the scope of the Decision numbered 26-03/75-M and dated January 29, 2026, proceedings were initiated under Article 41 of Law Nr. 4054 on the Protection of Competition to determine whether Article 4 of the said Law had been violated.

During the investigation initiated by the Board, it will be thoroughly examined whether the relevant companies engaged in practices that restrict competition in the labor market. If a violation is determined as a result of this process, various sanctions, including administrative fines, may be imposed.

Source: https://www.rekabet.gov.tr/tr/Guncel/is-gucu-piyasasina-yonelik-rekabet-ihlal-4db1ff759011f11193f60050568585c9

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