Már Guðmundsson took over as Governor of the Central Bank of Iceland in August 2009 and his salary at the time was negotiated with the bank’s board of directors. It was decided he would get ISK 1.575 million (EUR 9,900) per month; but that figure has since been slashed. Read the full story

Icelandic police officers are in fighting mood over pay and working conditions. They are legally prevented from going on strike; but they are still getting their point across. Read the full story

It is not yet clear what methods individual municipalities will choose to finance pay increases to pre-school teachers following Saturday’s resolution to their long-running pay dispute. Some municipalities are in a financially poor state already. Read the full story

The long-threatened Icelandic pre-school teachers’ strike is still set to begin next week — affecting thousands of families. Read the full story

Many local government officials, businesspeople and media personalities in Iceland are on higher wages than the Prime Minister, it has come to light. Read the full story

Icelandic pre-school teachers are embroiled in a long-running and bitter wage dispute; claiming that they are drastically underpaid for their hard work and long years of university education. Read the full story

Iceland’s overdue national wage contract has now been signed by 12 trades unions, the Icelandic Confederation of Labour and the Icelandic Confederation of Employers. Read the full story

Iceland’s national wage contract negotiations are drawing to a close and look set to see the country’s minimum wage go up by 20 percent over the next three years. Read the full story

Unemployment in Iceland in August measured 7.3 percent, according to new figures from the Directorate of Labour. That means that 12,096 people were unemployed and seeking work. Read the full story

The purchasing power of the average Icelandic resident increased in June for the first time since significantly before the banking collapse in autumn 2008. Read the full story