Wave of Layoffs Hits Icelandic Employment Market Skip to content

Wave of Layoffs Hits Icelandic Employment Market

There has been a wave of layoffs in Iceland this month; approximately 180 workers lost their jobs at five companies. Head of the Directorate of Labor Gissur Pétursson said further layoffs are expected in the coming days.


The construction sector was hit hard by the economic crisis. Copyright: Icelandic Photo Agency.

The conglomerate Skipti and its main subsidiaries, Síminn, Míla and Skjárinn, gave notice to 45 employees yesterday. The number of positions with the company has decreased by 68 so far this year, Morgunbladid reports.

Five people lost their jobs at Reykjavík Energy on Thursday and the construction company Íslenskir adalverktakar (ÍAV) announced the redundancy of 40 employees, while the entertainment company Sambíóin laid off 30 employees at the Kringlubíó cinema.

Earlier this month, 57 people lost their jobs at Arion Bank. The number of layoffs in September is therefore approaching 180.

Click here to read more about the employment situation in Iceland.


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