[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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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
24.01.2018, 26.01.2018
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Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
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Our company is informed by Turkish Employers' Association of Metal Industries (MESS) that the Collective Labour Agreement for the period of 01.09.2017-31.08.2019 between MESS, which our company is a member of, and the Turkish Metal Union is signed.  According to the agreement in brief;

· Hourly wages are conveyed to 9 TL/hour for the first six months; 1.60 TL/hour wage increase is to be done on equal basis and one-off 0.10 TL/hour is added to the hourly wages for every full year of seniority in the workplace, not exceeding 1.50 TL/hour. It is resolved to give raise in relation to consumer price index for the second, third and fourth six months' of the agreement.

· For the first year, all social/fringe benefits are increased by 23%, for the second year increases are determined in relation to consumer price index.

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.