[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)
oda_AnnouncementContentSection|
Announcement Content
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Explanations
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Collective Labor Agreement for the period of 01.09.2019-31.08.2021 was signed between Turkish Employers Association of Metal Industries (MESS), which our company is a member, and Turkish Metal Union. According to this agreement;

For the first six months period of the agreement 0,30 TL improvement has been made for the employees whose hourly wages are below 12 TL/hour just once under the condition that the wages do not exceed 12 TL/hour. 17 percent increase on hourly wages was decided for all of the employees over this improvement. For the second six months period of the agreement, hourly wages will be increased 6 percent (if inflation rate will be higher than 6 percent, the difference between wage increase and inflation rate will be added to the wage increase). For the following third and fourth six months periods of the agreement, hourly wages will be raised as consumer price index (CPI) ratio.

In the first year, all social benefits will be increased by 20%. For the second year, it will be raised as consumer price index (CPI) ratio.

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.