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Icelandair laid off 82 employees today. The company announced that the employees came from various departments in the company’s offices and institutions.
It also stated that after a long period of development, the company’s main focus is now on improving operational efficiency, and the company has been able to develop rapidly after the epidemic. The company’s competitiveness should now be further enhanced. One of them is to reduce the number of employees.
Icelandair CEO Boga Nils Bogasyni said in the announcement that it was a shame to see good people leave. Icelandic companies face a challenging operating environment and there is uncertainty about how market conditions will develop.
“Therefore, it is necessary to turn things around, reduce costs and increase revenue to ensure competitiveness and improve the company’s future performance.”
Icelandair had a poor first quarter, but the company lost $9.7 billion in the first three months of the year, compared with $8.7 billion in the same period last year.
The company’s stock price has also fallen sharply over the past 12 months, down about 43%.
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