Icelandic unions’ contract negotiations may be about to get easier; possibly leading to an end to ongoing strikes.
For 85 years Björnsbakarí bakery has made the bread for Bæjarins bestu iconic Reykjavík hotdog stands. However, from September 1, the bakery Gæðabakstur/Ömmubakstur will bake the hot dog bread for Bæjarins bestu after the bakery made the company a better offer.
General workplace members of Efling union have voted to go on strike and did so by a wide margin in a postal ballot.
Ísfugl has been granted a license to slaughter chickens on the proviso that the meat will be frozen and stored, and not sold before the ongoing vets’ strike is over.
Deutsche Bank is believed to have put both its Asia heads of corporate finance on leave—though apparently for unrelated reasons.
Ólafur Ólafsson, former majority owner of Kaupþing Bank, has requested the reopening of the Al-Thani case, for which he in February was sentenced to four-and-a-half years in prison for being party to market manipulation.
Icelandic pig farmers are suffering financially due to the ongoing vets’ strike and some no longer have money for animal feed and to pay bills.
Iceland’s Finance Minister Bjarni Benediktsson says it is not the sole responsibility of the state to ensure a decent wage for the lowest paid but that employers too must contribute.