The first meeting in nearly two weeks between unions and the Confederation of Icelandic Enterprise (SA) was cut short. It was the first meeting since unions suspended negotiations nearly two weeks ago, calling them fruitless. SA is demanding a four-year collective agreement be signed. Unions say they have agreed to the demand but ask for a clause in return that would give them a way out of the agreement if inflation and interest rate targets are not met. SA’s refusal of such a clause was the reason why negotiations were suspended. The parties have reportedly already reached an agreement regarding salaries.
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