Brief: Ford Otosan Says MESS Signs Collective Labor Agreement With Turkish Metal Union For Sept 1, 2023 And Aug 31, 2025

Ford Otomotiv Sanayi AS

18/01/2024 06:42

Jan 18 (Reuters) - Ford Otomotiv Sanayi AS  FROTO.IS :
    * FORD OTOSAN SAYS TURKISH EMPLOYERS' ASSOCIATION OF METAL
INDUSTRIES (MESS) COLLECTIVE LABOR AGREEMENT WITH TURKISH METAL
UNION SEPT 1, 2023 AND AUG 31, 2025
    * FORD OTOSAN SAYS FOR FIRST 6 MONTHS, HOURLY RATE OF
EMPLOYEES
EARNING LESS THAN 65 LIRA WILL BE INCREASED TO 65 LIRA
    * FORD OTOSAN SAYS ALL EMPLOYEES WILL BE GIVEN A
PROPORTIONAL
RAISE OF 32% AND A FIXED RAISE OF 30 LIRA/HOUR
    * FORD OTOSAN SAYS A ONE-TIME SENIORITY RAISE OF 2
LIRA/HOUR, NOT
EXCEEDING 30 LIRA/HOUR, WILL BE APPLIED TO HOURLY RATES FOR EACH
FULL YEAR OF SENIORITY
    * FORD OTOSAN SAYS STARTING FROM MARCH 1, 2024, FOR SECOND 6
MONTHS, A 30% INCREASE WILL BE APPLIED
    * FORD OTOSAN SAYS IF CPI RATE BETWEEN SEPT 01, 2023 AND FEB
29,
2024 EXCEEDS 30%, DIFFERENCE WILL BE ADDED TO WAGE INCREASE RATE
    * FORD OTOSAN SAYS A SALARY INCREASE WILL BE MADE FOR THIRD
6
MONTHS BY ADDING 3 POINTS TO CPI AND FOR FOURTH 6 MONTHS BASED
ON CPI RATE
    * FORD OTOSAN SAYS IN ALL SOCIAL BENEFITS, THERE WILL BE A
140%
INCREASE FOR FIRST YEAR AND AN ANNUAL INCREASE ACCORDING TO
INFLATION RATE FOR SECOND YEAR

Source text for Eikon:  ID:nIKA7wz1dz 
Further company coverage:  FROTO.IS 

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