FIXED BONUS AGREEMENT

An agreement has been reached with HB Grandi's fish production staff in Reykjavík, Akranes and Vopnafjördur for fixed bonus rates. 
 
The company's fish production staff receive a set rate for each hour's work. Prior to the agreement, this was a flat rate for everyone of  ISK 356 per hour. Under the new agreement, which came into force on the 24th of April, fish production staff in their first year of employment receive an ISK 500 per hour fixed bonus. This rises to ISK 575 per hour after one year, ISK 600 after three years, ISK 625 after five years and ISK 650 after seven years. The bonus increases range from 40% to approximately 86%. This increases day rate earnings from 9.3% to 18.0%, depending on staff seniority.

This increases the company's 400 fish production staff's day rate earnings, not counting overtime, on average from ISK 286,000 per month to approximately ISK 325,000, an increase of 13.6%

Picture: Vopnafjördur staff representatives Kristján Guðjónsson and Steinunn Zoega with HB Grandi CEO Vilhjálmur Vilhjálmsson on the left. Photo/HB Grandi.