[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
17.01.2020, 22.01.2020
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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Turkish Metal Industrialists Union (MESS), of which our Company is a member, notified our Company that the Collective Labour Agreement was signed between MESS and Turkish Metal Union to be effective between 1 September 2019 and 31 August 2021 period.

In summary of the agreement,

  • For the first six months, employees whose hourly wages are below 12 TL/hour, 30 Kuruş wage increase has been made, not exceeding 12 TL/hour. Upon this, all employees received a 17% wage increase. It was decided to increase the wage rate for the second six months 6% (if the period inflation is above 6%, the difference will be added to the wage increase rate.) and in the 3rd and 4th six months in CPI.
  • All social benefits for the first year were  increased by 20% and will increase for the second year at the rate of CPI.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.