New Collective Agreement

Please keep your contact information up to date via the Member Portal in order to continue to obtain information on the implementation of collective agreements and the Phoenix transaction. Improvement of the hourly account The hourly account is improved since the days of leave and leave of relatives granted by a collective agreement are deposited in the hourly account. This means that every January 1st, 5 days of leave are deposited into the hourly account and 6 weeks of vacation are deposited every September 1st. It could be said that this is our free choice program, since you decide for yourself if you want to withdraw the days from your hourly account as free time or cash payment. The collective agreement has a three-year term, from April 1, 2020 to March 31, 2023. During the process of revising a collective agreement, it is necessary to decide on the maintenance of workers` benefits and the application of the other conditions initially provided for. Section 26. Liability for breach or non-infringement of a collective agreement or agreement. Persons who represent the employer and are found guilty of violating or not violating a collective agreement or agreement to which they are bound are liable to a fine of ten times the minimum wage imposed by the courts. Voting on the collective agreement is done online. It will start on Friday 12 April at 13:00 and end on Tuesday 23 April at 16:00. Detailed information can be found on the SGS www.sgs.is website as well as on the websites of each union. Prohibition of acts which impede the conclusion, revision or application of collective agreements or agreements.

The organs of the board of directors and management, political parties and any employers` organisation shall be prohibited from intervening in any way in order to restrict the legal rights of workers or their representatives or to impede the exercise of those rights when concluding, reviewing and applying collective agreements and agreements. . . .

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