Quota Cut and Poor Catch Equals 250 Lost Jobs Skip to content

Quota Cut and Poor Catch Equals 250 Lost Jobs

Due to the 30 percent cut in cod fishing allowances and a poor shrimp catch, 250 employees at nine sea food companies across Iceland have lost their jobs in a period of only six months. Further dismissals are expected.

“That includes the mass lay-offs, but many more jobs have been lost. Small companies are giving their staff notice all around the country, which doesn’t make the news,” Arnar Sigmundsson, head of the Association of Fish Processing Plants, told Fréttabladid.

“I fear this is only the beginning of larger rounds of firing,” Sigmundsson said. He predicted at a meeting at the end of September 2007 that 1,000 jobs in fish processing, both at land and at sea, would be lost due to the cod quota cut.

“Unfortunately that forecast seems to be coming true. We will see more mass lay-offs in the coming months,” Sigmundsson predicted.

Nine fish processing companies have given notice to their employees for the past six months. Six of those companies said the reason for their actions was the drastic cut to the cod fishing allowances.

The most severe blows were at Eskja in Eskifjördur, east Iceland, and Humarvinnslan in Thorlákshöfn, south Iceland, where more than 100 people lost their jobs in one day, on September 27, 2007.

Click here to read about the recent cessation of shrimp processing in Akureyri.

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