Iceland has achieved a remarkable success story with its nationwide introduction of a shorter working week, with no reduction in pay. According to research, 51% of workers have adopted the four-day workweek or other reduced hours, leading to Iceland's economy outperforming most European peers. The country logged faster economic growth than most European countries and has one of the lowest unemployment rates.

Source: https://www.cnn.com/2024/10/25/business/iceland-shorter-working-week-economy/index.html