[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[]
Related Funds
[]
English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
29.12.2021
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

Turkish Employers Association of Metal Industries (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 2021 and 31 August 2023 period.

In summary of the agreement,

- 10% increase in hourly wages for the first six months; afterwards, a raise of 3.70 TL/hour will be applied.

-       It has been decided to increase wages by 30% for the second six months (in case the period inflation is higher, the difference will be added to the wage increase rate), and for the following third and fourth  6 months period, it has been decided to increase wages at the CPI rate.

-       All social benefits were increased by 35% for the first year. Besides an annual gross average of 236 TL was added in addition to the aid for Eid Holiday. For the second year, the increase is determined to be at the CPI rate.


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.