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Additional News in English | Još vesti na Srpskom | Επιπλέον ειδήσεις στα Ελληνικά |  |
Text |  |
Erste - 24.01.2013
Turkish Airlines announced that they could not reach a conclusion with Hava Is (related workers' union) in collective bargaining negotiations covering the 2013- 2014 periods and going forward the talks will be supervised by an official negotiator appointed by the State. Reportedly, based on news portal airporthaber.com, Turkish Airlines offered a 3% y/y wage increase for 1H13 followed by another 3% in 2H13, 1H14 and 2H14. However, Hava-Is did not accept the offer.
The failure in negotiations between Turkish Airlines and Hava-Is is nothing new as the last four-five talks were also dead locked. Recall that employees' wage negotiations covering the 2011-2012 period were only resolved after the Superior Council of Arbitrators took over to mitigate a solution and we believe that a similar process could take place this time as well. Thus, we perceive the news as neutral for Turkish Airlines' share performance for the time being.
Source: bne
Related News in English |
Povezane vesti na srpskom |
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