Iceland has an interesting website:
asi - www.asi.is regarding its labour market.
Parts of the site are also available in english:
asi - Labour market
Document
"Rights and employment terms of foreign workers on the Icelandic labor market" (page 2) :
Wage terms of foreign employees and control of them
According to Icelandic law, wages and other terms of employment as negotiated by
the social partners shall be minimum wages irrespective of gender, nationality or
employment period for all employees in the relevant field of work in the area covered by
the agreement. This also applies to all employees of employers who are outside of the
organizations of employers or have not themselves entered into collective agreements
with trade unions. The agreements of individual employees and employers on worse
terms of employment than stated in the collective agreements are invalid and not
binding for the employee.
So if an Icelandic company is giving contracts with worse conditions than their own collective agreements, these contracts are null and void?
What happenes to these contracts?