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. A collective agreement was signed on 21 January 2016 with the Icelandic Employers` Association (SA). The agreement was adopted by 91.28% of the votes cast in the vote of 24 February 2016. The Automobile Manufacturers and Employers` Association (AMEO) and the National Union of Metalworkers South Africa (Numsa) made statements on the collective labour agreement on Friday after a stalled progress. 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»). Vr enters into collective agreements with the Association of Icelandic Enterprises (Samt-k atvinnul-fsins, SA) and the Icelandic Trade Association (FA, formerly f.S.), as well as with several companies outside these organisations. At the beginning of the negotiations, a wage increase was negotiated as planned in the ISK.
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. 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. In the automotive sector, a three-year wage agreement has been reached, with an increase of up to 9% in employees. But it seems until September 12, the parties have found the right balance. According to AMEO – which represents seven automakers, namely BMW, Ford, Isuzu, Mercedes Benz, Nissan, Toyota and Volkswagen – the agreement provides for a 9% increase in employees per hour in the first year and a 7% increase in line with consumer inflation in the second and third years.