Iceland - Wage index up 7.5% - December 31, 2021

Over the twelve months of 2021 the wage index rose by 7.5%. The wage index measures change in the unit price of wages based on hours paid. The annual increase can largely be attributed to collective agreements that came into effect at the beginning of 2021. The shortening of working hours for employees in the public sector also had an effect. By contrast, the effect of the shortening of working hours in the private sector came into effect in January 2020 and is therefore not included in the calculation.

Read on: in English.

For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.

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