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It Looks Like the Prerequisites Are Failing, but Not Necessarily the Termination of Collective Agreements

Summary by RÚV
There are some glimmers of hope in the economic climate and most indications are that inflation, which was measured at 5.1% in the last survey, will not fall below 4.95% this autumn, which was a benchmark set in the collective agreements in the past. The agreements are valid until January 2028 and twice during that time a formal assessment will be made of whether the assumptions hold. The assumptions held last year In September last year, it was…
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There are some glimmers of hope in the economic climate and most indications are that inflation, which was measured at 5.1% in the last survey, will not fall below 4.95% this autumn, which was a benchmark set in the collective agreements in the past. The agreements are valid until January 2028 and twice during that time a formal assessment will be made of whether the assumptions hold. The assumptions held last year In September last year, it was…

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RÚV broke the news on Wednesday, June 3, 2026.
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