Iceland -Top earners enjoy giant pay rise -July 30, 2015

Extrapolated tax figures for 2014 showed that the average salary of the CEOs of the country’s 200 biggest companies is around ISK 2.6 million (17,580 euro) per month. The two highest-earning CEOs skewed the figure so much that they were taken out before the average was calculated. Financial services workers saw among the highest year-on-year pay increase, with the top-earning 200 financiers increasing their monthly wages from ISK 1.9 million (12,847 euro) to ISK 2.1 million (14,199 euro).


For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) or the communications officer at the ETUI, Mariya Nikolova For previous issues of the Collective bargaining newsletter please visit You may find further information on the ETUI at, and on the AIAS at


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