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MarketScreener Homepage  >  Equities  >  ISTANBUL STOCK EXCHANGE  >  Coca Cola Icecek AS    CCOLA   TRECOLA00011

COCA COLA ICECEK AS

(CCOLA)
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Coca Cola Icecek : Collective Bargaining Agreement

09/11/2020 | 05:50am EST

FOR GENERAL RELEASE TO THE PUBLIC

September 10, 2020

Collective Bargaining Agreement

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.

Company Profile

CCI is a multinational beverage company which operates in Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan. As one of the key bottlers of the Coca-Cola system, CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company.

CCI employs close to 8500 people and has a total of 26 plants in 10 countries, offering a wide range of beverages to a consumer base of 400 million people. In addition to sparkling beverages, the product portfolio includes juices, waters, sports and energy drinks and iced teas.

CCI's shares are traded on the Istanbul Stock Exchange (BIST) under the symbol "CCOLA.IS", and Eurobond is traded in the Irish Stock Exchange, under the symbol "CCOLAT".

Contacts

Andriy Avramenko

Çiçek Uşaklıgil Özgüneş

Treasury and Invest. Relations Director

Chief Financial Officer

Tel: +90 216 528 4002

Tel: +90 216 528 4410

cicek.ozgunes@cci.com.tr

andriy.avramenko@cci.com.tr

Öktem Söylemez

Investor Relations Executive

Tel: +90 216 528 4618

oktem.soylemez@cci.com.tr

Coca-Cola Icecek Investor Relations I Tel: +90 216 528 4716 I Fax: +90 216 510 70 10 I CCI-IR@cci.com.tr I www.cci.com.tr

Page 1 of 1

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Disclaimer

Coca-Cola Içecek AS published this content on 10 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2020 09:49:10 UTC


© Publicnow 2020
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