Turkish electronics company champions gender equality
A €50 million loan to Vestel, a leading Turkish producer of consumer electronics, will support the company’s research and development programme in the white goods sector and promote equal opportunities for the women and men it employs.
Vestel will use the EBRD financing as part of a €100-million investment programme aimed at increasing the share of high-tech components in the white goods it produces. The company will work with universities in its research and development programme and will involve local suppliers in the production of advanced specialised components, thereby contributing to the spread of new technologies within this sector in Turkey.
As part of the project, Vestel has committed to further improving its labour practices in relation to gender equality, in particular through the implementation of an equal opportunities action plan. Technical assistance funded by the EBRD Shareholder Special Fund will support the development of this plan and other efforts to improve women’s participation in managerial and technical roles within the company.
million loan to Vestel will support R&D and promote equal opportunities
Technical assistance provided by the
EBRD Shareholder Special Fund