Collective Wage Agreements

A collective wage agreement ensures minimum terms for all employees unless special terms or company agreements are made.

VR makes collective agreements with the Confederation of Icelandic Enterprise (Samtök atvinnulífsins, SA) and the Icelandic Federation of Trade (FA, formerly named FÍS), in addition to several companies which stand outside aforementioned organisations.

The vast majority of VR members work according to the VR and SA agreement.

VR and SA collective wage agreement 2016

On 21 January 2016, a collective wage agreement was signed with the Confederation of Icelandic Employers (SA). The agreement was approved by 91.28% of the votes cast in the ballot which ended February 24th 2016.

The agreement is effective from 1 January 2016 to 1 December 2018. It includes significant additions to the increases that were negotiated last year. The agreement is based on a framework agreement between the entities in the labour market from 27 October 2015 and the protocol on pension rights from 5 May 2011 and is aimed at ensuring equality in wage development on the basis of shared wage policies and the equalisation of pension rights. The agreement and pay scales can be viewed below.

VR and FA agreement 2016

On 22 January 2016, a new collective wage agreement between VR and the Icelandic Federation of Trade was signed. The agreement is virtually unanimous with the collective wage agreement that was signed between the member organizations of the Icelandic Federation of Labor and SA yesterday and provides for the same wage changes.

The agreement was approved by 91,59% of the votes cast in the ballot which ended on 24 February 2016. The agreement and pay scales can be viewed below.

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VR and SA collective wage agreement 2015

A new collective wage agreement between VR and SA was signed on 29 May 2015. The effective term of the agreement is to year-end 2018. The agreement was approved by 73.9% of the votes cast in the ballot among members, which was held from 10-22 June 2015. The main points of the agreement can be viewed below.

VR and FA collective wage agreement 2015

A new collective wage agreement was signed between VR and FA on 29 May 2015. The effective term of the agreement is year-end 2018. The agreement was approved with 72.4% votes in a ballot among members, which was held from 10–22 June 2015.