Kardemir Signs Collective Bargaining Agreement: 54% Wage Increase for First Six Months

The Turkish Statistical Institute (TUIK) announced the inflation data for March. Accordingly; inflation was 2.46 percent on a monthly basis and 38.10 percent on an annual basis in March. Thus, the 3-month inflation difference in the pension and civil servant raise has become clear. As it is known, the civil servant salary raise is calculated based on the collective agreement raise and the 6-month inflation difference. So, "How much will the lowe…

Kardemir Signs Collective Bargaining Agreement: 54% Wage Increase for First Six Months

A collective bargaining agreement covering the years 2025 and 2026 has been signed at Karabuk Iron and Steel Factories (Kardemir). Wage Increases and Social Benefits According to a written statement by the Ozçelik-Iş Union, the agreement stipulates: A 54.38% wage increase for the first six-month period based on the workplace average as of December 31, 2024. A wage increase based on inflation for the second six-month period. A 2% increase on top…