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Wage Agreement 2019

Below are the agreements, in Icelandic only for now, but will soon be available in English. Numsa had called for a 12% general increase in wages and transportation allowances for service station workers who work late and earn low wages, Fin24 reported earlier. The union then stated that it had argued. The agreement was adopted by 91.59 per cent of the votes cast in the vote that ended on 24 February 2016. The contract and salary schedules can be found below. Chris Griffith, CEO of Anglo American Platinum, said: „We are very pleased to have reached an agreement and welcome collaborative and constructive relationships with unions throughout the process. We believe that this agreement will allow the company to remain sustainable through the typical GMP price cycles, while our employees will benefit from reasonable wages and other increases.┬áThe agreement will enter into force retroactively from July 1, 2019. It expires on June 30, 2022. „The success of the wage and employment negotiations for the next three years will create a much-needed platform for stability and political security in the automotive industry. A new collective agreement between VR and SA was signed on May 29, 2015. The duration of the agreement is until the end of 2018. The agreement was adopted by 73.9% of the votes cast in the vote of the deputies held from 10 to 22 June 2015.

The main points of the agreement can be found below. The agreement provides for a reduction in the weekly working hours of VR members by approximately 45 minutes per week. The aim is to make the labour market more family-friendly A wage increase at ISK was negotiated as planned at the beginning of the negotiations. In addition, wage increases are partly related to changes in economic growth and are based on an annual revision of wage rates taking into account wage developments in the regular labour market. In addition, the working week is shortened, which was one of the main objectives of virtual reality in the negotiations, and flexibility has been strengthened. One of the main objectives of the agreement is to encourage lower interest rates, which will increase the purchasing power of households. The duration of the agreement applies from April 1, 2019 to November 1, 2022. All wage increases, i.e. amounts, are in ISK, and the wages of low-income workers will increase proportionately compared to those with higher wages.

Anglo American Platinum Limited („Anglo American Platinum“ or „the company“) announces that it has signed a three-year wage agreement with its recognized unions, namely the Association of Workers and Construction of Mines („AMCU“), the National Union of Mineworkers („NUM“) and UASA – The Union („UASA“).

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