Brief: Turk Telekom Signs Additional Protocol With Turkiye Haber-Is Union Due To Recent Increase In Inflation

Turk Telekomunikasyon

16/03/2022 06:00

March 16 (Reuters) - TURK TELEKOMUNIKASYON  TTKOM.IS :
    * SAID ON TUESDAY SIGNS ADDITIONAL PROTOCOL WITH TURKIYE
HABER-IS
UNION DUE TO RECENT INCREASE IN INFLATION
    * WITHIN SCOPE OF THE NEW PROTOCOL, WAGES OF OUR COMPANY'S
UNIONISED EMPLOYEES WILL BE RAISED BY 37.5% FOR THIRD 6-MONTH
PERIOD STARTING FROM MARCH 1 INSTEAD OF THE 5.50% AS PER THE
ORIGINAL AGREEMENT
    * TERMS AGREED IN 14TH TERM COLLECTIVE BARGAINING AGREEMENT
FOR
FOURTH 6-MONTH PERIOD REMAIN VALID 
    * WAGES WILL BE INCREASED BY 5.50%, AND IF INFLATION RATE
(CPI)
WITHIN THIS PERIOD EXCEEDS 5.50%, WAGES WILL BE ADJUSTED BY THE
EXCESSIVE PORTION

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA5dwV6y
 Further company coverage:  TTKOM.IS  

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