Wages
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Immigrants Paid Less, Have Fewer Options Than Locally-Born Icelanders, Study Finds
Immigrants have lower wages than locally-born Icelanders, but they are no more dissatisfied with them, reports Fréttablaðið. [su_pullquote]To celebrate reaching 200 RVK Newscast episodes on Youtube, as well as the new eruption at Meradalir, we’re having a volcano themed giveaway! Follow our…
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Labour, Management & Central Bank Square Off Over Inflation–And How To Stop It
There is no disputing that Iceland’s inflation rate has been steadily rising–from 4.3% in July 2021 to 7.6% in April 2022. The real question is what to do about it, and the Central Bank, business leaders, and union representatives all have different…
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Cultural Industry Wages Decreased By 40%
According to the Icelandic Confederation of University Graduates (BHM), total wage payments in the cultural industries have decreased by 40% between the years of 2008 and 2020, and the number of employees in the same sector has shunk by 25%. Artist salaries…
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Basic Wages Increased By An Average Of 6.6% In 2020
Basic wages have increased throughout 2020 by 6.6% and are still rising. The lowest wages in Iceland in 2020 were in accommodation and restaurant operations but also in waste management, and work in water and sewerage. On the other hand, regular monthly…
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Coast Guard Mechanics Strike Could Have Grave Consequences
If no conclusion is reached to the wage dispute among the Coast Guard aircraft mechanics, it could be that no rescue helicopters will be operational next week, Vísir reports. The Coast Guard has three helicopters, but only one has been operational since…
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Major Icelandic Wholesaler Threatens To Raise Prices If Wage Rises Are Approved
With the signing of an agreement between labour leaders and management, many breathed a sigh of relief; the strikes will be over, and more importantly, the lowest paid workers will be getting a pay rise and other benefits. However, the fight isn’t…
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Icelandair Hotels Reverses Position, Pays Employees For Strike Days
After extensive coverage of the matter yesterday, Icelandair Hotels have announced that they will be paying employees for last month’s strike days. As reported, union officials for Efling and VR were surprised to learn that Icelandair Hotels was deducting from the salaries…
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Icelandair Hotels Deducting From Pay Of Workers Who Went On Strike
Even though a collective bargaining agreement was reached last week between management and several labour unions, amongst them Efling and VR, RÚV reports that not all of the disputes have been resolved. In fact, a new development has risen amongst Efling and…
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Collective Bargaining Agreement In Iceland Reached
The labour union Efling and its allied unions (VR, LÍV, Framsýn, VLFA and VLFG) reached a collective bargaining agreement with representatives of management last night that also entails the direct involvement of government measures and Central Bank policy. “It is entirely possible…
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Icelandic Hotel Says “Little Room” For Pay Rises, Has Profits In The Millions
The managing director of Íslandshótel says there is little room for wage rises, but the company’s profits are reportedly in the hundreds of millions. Davíð Torfi Ólafsson, the managing director of Íslandshótel, expressed with RÚV his frustrations with the current labour movement…
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Icelandic Midwives Refuse To Take Extra Shifts: State Says It’s Illegal
Icelandic midwives recently announced that they wouldn’t be taking any more extra shifts at The National University Hospital of Iceland in the future, prompting an immediate ban on their decision issued by state, Vísir reports. Icelandic midwives have been fighting for fair wages…
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Costco’s Wages Go Beyond What Icelandic Unions Demand
There’s been a lot of hype lately about the arrival of American low-price retailers Costco in Iceland. Icelanders have been practically over the moon about the things they sell that you can’t buy here, the lower prices at Costco for things that…
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So What’re These Badly Behaved Seafood Companies I Keep Hearing About?
Along with tourism, seafood is the biggest industry in Iceland. For many towns along the coast, it is the reason for their existence. The salaries paid to locals by seafood companies fuel the village economy. Therefore it is very important that seafood…
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President’s Salary Increases By About 300,000 ISK Since Bank Crash
The Icelandic president’s salary has increased since the bank crash by the same amount many workers are now striking to receive as a monthly wage. DV reports that from January 2009, shortly after Iceland’s banking system collapsed, to February 2014, the monthly…
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Alþingi Members’ Wages Too Low, Warns Vice Member
On Tuesday, Sigurður Örn Ágústsson, vice member of Alþingi on behalf of the Independence Party, said that work conditions and pay of Alþingi members must be taken up for reconsideration. Sigurður recommends raising his own and other members’ salary. This was reported…
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May Day Mayday: Iceland’s Ongoing Doctor Strike
Following a round of unsuccessful negotiations, doctors in Iceland commenced their first ever strike in late October. In the wake of the banking crisis, so as to share the burden, doctors not only accepted a 5% wage cut, but also ceased seeking…
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Impending Shortage Of Specialist Doctors
Data from Landspítalinn, the National University Hospital of Iceland, indicates that 35% of specialist doctors are eligible to retire in the next ten years, 20% in the next five. Experts have expressed serious concern that Iceland will soon face a shortage of…
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Wages Rise 6.2% Last 12 Months
The wage index rose 6.2% in the last twelve months according to new, September-based, figures from Statistics Iceland. The real wage index, measuring purchasing power, rose 4.3% at the same time. In terms of wages, according to the figures, this year’s September…
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So What’s This Unfair Treatment Of Young Employees I Keep Hearing About?
In Iceland, labour unions and employers’ organizations negotiate to establish parameters for pay and other benefits. Earlier this month, a 22-year-old new hire of Lebowski Bar made the not unreasonable demand of being paid according to the general wage contract. Apparently, her…
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Elementary School Teachers Sign A Deal
Elementary School Teachers signed a new collective bargaining agreement last night, ending a long and strained negotiation, reports RÚV. Elementary schools will therefore reopen this morning and lessons will resume at the usual time. As reported, Elementary School Teachers went on strike May 15 and…