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The collective bargaining agreement negotiations between Coca-Cola İçecek A.Ş. and Tek-Gıda İş Sendikası (Labour Union), which took longer than anticipated due to pandemic process, were finalized after the end of business on September 9, 2020 with an agreement on the conditions summarized below. The agreement covers the period from January 1, 2020 to December 31, 2021 and its signing is in process.
The principal terms of the collective bargaining agreement are as follows;
• For the first year of the agreement, gross wages of the union member employees will be increased by 995 TL per person per month, effective 01.01.2020. In the second year of the agreement, gross wages will be increased by the rate of increase in the Consumer Price Index plus 3%.
• The annual social package will be increased by 16% for the first year and by the rate of increase in the Consumer Price Index for the second year.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.