Iceland: Notification to Employers of Changes in Partial Benefit / Decreased Percentage
Labor (28.04.2020) The option for full time workers to move to part-time with government support will be extended to 31 August, from its original finish date on 1 June. The livelihoods of tens of thousands of employees have been protected since this support measure took effect, but the economic outlook has changed markedly in the month or so. The part-time option allows employees to reduce their hours or salary to as low as 25%, or 50% from July onwards, and top up their earnings with support from the Government.