[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Evet (Yes)
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Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
12.01.2024
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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On January 12, 2024, the notification from Turkish Metal Workers Union was announced regarding the strike decision for all our workplaces in Türkiye, with the implementation date to be determined later in the ongoing collective labor agreement negotiations process between our company, a member of the Turkish Metal Employers' Association (MESS), and the Turkish Metal Workers Union.  The collective labor agreement negotiations between MESS and Turkish Metal Workers Union covering the period from September 1, 2023, to August 31, 2025, have concluded with an agreement, leading to the withdrawal of the strike decision.

As per the significant provisions of the agreement:

  • For  the first 6 months, hourly wages for employees with hourly rates below 65  TL will be raised to 65 TL. Subsequently, all employees will receive a  relative increase of 32%, followed by a fixed increase of 30 TL/hour.  Additionally, for each full year of seniority, a one-time seniority  increase of 2 TL/hour will be applied to hourly rates, not exceeding 30  TL/hour.
  • For  the second 6 months, commencing on March 1, 2024, a 30% increase will be applied  (if the Consumer Price Index (CPI) between September 1, 2023, and February  29, 2024, exceeds 30%, the difference will be added to the wage increase  rate).
  • For  the third 6 months, there will be a wage increase of CPI + 3 points, and for the  fourth 6 months, the increase will be based on the CPI rate.
  • All  social benefits will see a 140% increase for the first year and an annual  increase based on the CPI rate for the second year.

The Turkish translation of this disclosure is also available and in case of any discrepancy, the Turkish version shall prevail.