Efling 2026 Annual General Meeting - Warned of serious consequences as early as this autumn if no action is taken

Efling union's annual general meeting took place at the Hilton Reykjavík Nordica yesterday, March 26th, and was well attended by members. 

In her address following the board report, Sólveig Anna Jónsdóttir, chairwoman Efling , went over the whole stage and emphasized that the struggle Efling members was far from over, in fact it would never end. “We have succeeded – and we should be proud of what we have achieved together. But at the same time, we must face the many problems that are still unresolved,” she said.

Sólveig Anna strongly criticized the housing situation and the impact of high-interest policies on workers. She pointed out that a large portion of members were forced to spend the majority of their income on housing costs and that this would not be resolved. "We have rejected the idea that we can wait for justice. We must seek it ourselves," said Sólveig Anna, emphasizing the importance of solidarity and an independent voice for workers.

She also warned against proposed changes to unemployment benefits, saying they send a "terrible message" to those who need support the most. She also criticized the lack of sanctions for collective bargaining violations and called for legislation against wage theft.

At the end of her address, she emphasized that workers' patience would run out if real action was not taken. "Either employers and the government listen to our demands and respond with real action - or the consequences will be serious as soon as this fall."

Strong financial position and growth



Perla Ösp Ásgeirsdóttir, Managing Director Efling , presented the company's accounts, which show a very strong position. Revenue increased by almost 16% between years and amounted to just over 4.2 billion ISK. Profitability improved significantly, and the operating result for the year amounted to 722 million ISK.

The company's total assets increased by almost 1.5 billion ISK and equity now stands at around 17.6 billion ISK. It was also reviewed that costs had increased less than expected and the company's operations are characterized by restraint and responsibility.

In the case of Perla, it was revealed that a strong emphasis had been placed on strengthening services for members and building infrastructure for the future, including through investments in housing, information technology and holiday homes.

Board elections announced

Þórir Jóhannesson, Vice Chairman Efling , presented the results of the nomination committee. Since no candidates were nominated, the company's board was elected automatically.

Efling board of directors is currently composed of the following:

• Chairman: Solveig Anna Jónsdóttir
• Vice Chairman: Thorir Johannesson
• Secretary: Guðmunda Valdís Helgadóttir
• Treasurer: Michael Bragi Whalley

Co-chairs:

• Alexa Tracia Patrizi
• Greta Iris Karlsdottir
• Hjordis Bech Asgeirsdottir
• Hjortur Birgir Jóhannuson
• Hlynur Gauti Omarsson
• Ian Phillip McDonald
• Karla Esperanza Barrlaga Ocon
• Mary Jane Gonzales Munoz
• Rögnvaldur Ómar Reynisson
• Sigurjon Armann Bjornsson
• Sæþór Benjamin Randalsson

Thanks to the outgoing board members

The meeting also saw the farewell of outgoing board members, Guðbjörg María Jósepsdóttir, Innocentia Fiati and Olga Leonsdóttir. They were thanked for their work and greeted with thunderous applause, as the meeting attendees rose from their seats to thank them for their work.

Legal amendments approved

Proposals for legislative amendments were also presented at the meeting. They concerned the merger of two funds within the company and were approved unanimously without comment.

The general meeting thus confirmed both Efling strong financial position and a clear strategy in the wage struggle, with emphasis placed on increased workers' rights and a tougher response to the challenges facing the labor and housing markets.