[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Material Event Disclosure General
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24.01.2025
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On behalf of Adel Kalemcilik Ticaret ve Sanayi A.Ş., negotiations regarding the new term of the Collective Bargaining Agreement between the Ağaç ve Kağıt Sanayii İşverenleri Sendikası and AĞAÇ-İŞ Türkiye Ağaç ve  Kağıt Sanayii İşçileri Sendikası, which expired on August 31, 2024, were concluded with an agreement on March 17, 2025.

According to the agreement protocol:

1.The Collective Bargaining Agreement will be valid for the period September 1, 2024 – August 31, 2026.

2.The gross wages of union member employees will be increased as follows:

-For the first 6 months of the 1st year, a 25% increase + a flat raise of 11,000 TL + an additional 1.5 TL per hour for each year of seniority, limited to 20 years.

-For the second 6 months of the 1st year, effective from March 1, 2025, a 20% increase.

-For the first 6 months of the 2nd year, effective from September 1, 2025, an increase equal to the inflation rate (Consumer Price Index) published by TÜİK for the period March 1, 2025 – August 31, 2025, plus 2 percentage points.

-For the second 6 months of the 2nd year, effective from March 1, 2026, an increase equal to the inflation rate (Consumer Price Index) published by TÜİK for the period September 1, 2025 – February 28, 2026, plus 2 percentage points.