Honour Your Promise
14. September 2026What are you going to do?
When the collective agreements were signed, workers took a significant risk by accepting modest wage increases during a period of inflation. In return, companies were expected to exercise restraint in raising prices to help bring down inflation and interest rates. However, prices have continued to rise, and interest rates remain extremely high. The assumptions underlying the collective agreements have therefore failed, and the agreements could be terminated on 8 October.
LÍV, VR and Fagfélögin have sent a letter to companies that have a significant influence on prices, asking what they intend to contribute to ensure that the collective agreements can remain in force. Maintaining the status quo is not an option. Below is a list of the companies that received the letter, along with a copy of the letter.
Honour Your Promise!
______________________________
Letter to companies (in Icelandic)
List of companies
- Arion banki
- Bera
- Drangar
- Eimskipafélag Íslands
- Festi
- Garri
- Hagar
- HS Orka
- Innnes
- Íslandsbanki
- ÍSAM / Ó. Johnson & Kaaber
- Kaupfélag Skagfirðinga
- Kvika banki
- Landsbankinn
- Landsvirkjun
- Natan
- Orkuveitan
- RARIK
- Samskip
- Sláturfélag Suðurlands
- Veitur