The contractor KNH in Ísafjördur, the West Fjords, has announced the layoff of all of its 33 employees. KNH’s projects, such as those relating to road construction, are coming to an end and the contractor has been under a moratorium on payments since May.
Ísafjördur. Photo by Páll Stefánsson.
This is the second mass layoff reported to the Directorate of Labor in October; game designer CCP announced the redundancy of 120 employees last month, of whom 34 are based in Iceland, Morgunbladid reports.
The Directorate of Labor has received several reports on mass layoffs this year in which a total of 580 people have lost their jobs.
However, their number is considerably lower when compared to mass layoffs in the three years prior; in 2010, 953 people lost their jobs in mass layoffs, in 2009 4,246 and in 2008, 2,260.