The executive board of the Confederation of Enterprise (SA) unanimously decided to uphold the collective agreement signed with the unions in April 2019. The collective agreement covers over 100,000 workers. Valid until November 1, 2022, the agreement raises minimum wage by ISK 90,000 (€550) over the contract period. Due to the current economic crisis, caused by the global pandemic, the Confederation of Enterprise considered the premises for the wage agreement broken.
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