Coca Cola Icecek : Collective Bargaining Agreement
September 11, 2020 at 05:50 am EDT
Share
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
PUBLIC
This is an excerpt of the original content. To continue reading it, access the original document here.
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
Coca-Cola Icecek AS (CCI) is a Turkey-based company engaged in the bottling and distribution of alcohol-free beverages in Turkey, Pakistan, Central Asia and the Middle East. The Company bottles and distributes a number of The Coca-Cola Company brands of soft drinks and beverages, including Coca-Cola, Coca-Cola Zero, Coca-Cola Light, Fanta, Sprite, Cappy, Sen Sun, Powerade, Burn and Gladiator. Also under the agreement signed with Schweppes Holdings Limited, the Company has the exclusive right in Turkey, Kazakhstan and Jordan to sell and distribute beverages under the Schweppes trademark. CCI operates production facilities in different regions of Turkey as well as abroad. CCI also holds interest in Turkmenistan Coca-Cola Bottlers Ltd., CC Beverage Limited, the Coca-Cola Beverages Pakistan Ltd. and Azerbaijan Coca-Cola Bottlers Limited in Azerbaijan, among other.
COCA-COLA IÇECEK ANONIM SIRKETI 
