128 Lose Their Jobs in Skaginn3X Bankruptcy Skip to content

128 Lose Their Jobs in Skaginn3X Bankruptcy

By Erik Pomrenke

Photo: Brim Venus Akranes loðnuhrogn.
hotel ranga

Skaginn3X, which specialized in the production of advanced equipment for fish processing and was one of the largest employers in the town of Akranes, has filed for bankruptcy. Some 128 employees will now lose their jobs, RÚV reports.

Letter from Trades Union Director

Vilhjálmur Birgisson, director of the Akranes Trade Union, wrote the following message on his social media today, following meetings wtih the fish processing company. His message has been translated and excerpted below.

“Skaginn3X has requested to be taken into bankruptcy proceedings. I just came from a meeting, and this meeting was, to say the least, extremely difficult. At this meeting, the managers of the high-tech company Skaginn3X informed 128 employees that the company would be taken into bankruptcy proceedings.

This bankruptcy of this long-established company means that 128 families will lose their livelihoods, with about 100 of these 128 living here in Akranes and the surrounding area. Skaginn3X is one of the largest employers here in Akranes. It should also be noted that a number of related jobs will also be lost as a result of this bankruptcy.

To put the number of those who will lose their jobs into perspective, this would be like 2,400 people losing their jobs in Reykjavik, given the population ratio.

[…]

It is safe to say that this news is yet another heavy blow that we in Akranes have had to endure in employment matters in recent years. I doubt that any municipality has had to endure as much turmoil in employment as we in Skaginn, except for our friends in Grindavík.

As most people remember, all fisheries here in Akranes have been ruined, thanks to the fishing management system. For example, it is worth recalling that in 2004, 250 people were employed by the fish processing company Haraldur Böðvarsson in Akranes. That year, about 170 thousand tons were landed, and the company paid over three billion in wages. Today, all of that is gone.

[…]

Despite having exemplary infrastructure here in Akranes, we have not succeeded in strengthening the economy here. There is almost no fishing industry left, no hotel, which means we lack tourism. We need to open our eyes to these facts and demand that the authorities, the town council, and all of us work on strengthening foreign exchange-generating job opportunities for the benefit of us in Akranes.

We have all the infrastructure, as mentioned earlier, excellent elementary schools, preschools, healthcare services, and strong sports programs. We have everything except a strong economy, and that needs to change immediately. I appeal to town council members, authorities, and all of us to wake up and open our eyes to these facts.

If nothing is done, the economy here in Akranes will bleed out completely. Therefore, it is important to stop this bleeding and start real foreign exchange-generating job creation without delay!”

Decreased operations

Skaginn3X has been owned fully by the German food concern Baader since 2022. Operations at Skaginn3X had contracted significantly in the months preceding their bankruptcy. When the company ceased operation in Ísafjörður in August of last year, some 27 employees lost their jobs.

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