[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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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
17.07.2017
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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Collective Bargaining Agreement negotiations between our company and Haber-İş Union for the 12th Period that started on May 8, 2017 were concluded with an agreement.

This Collective Bargaining Agreement covering around 12,000 of our unionized employees in Turkey will be effective for 2 years between March 1, 2017 and February 28, 2019.

According to the settlement, wage increases of all our unionized employees for the
- first  6-month period will be TL 325,
- second 6-month period will be TL 125
- third and fourth 6-month periods will be 4% respectively.

Additionally, if CPI in the third and fourth 6-month periods exceeds 4% respectively, wages will be adjusted by the excess of the corresponding amount.