SalMar Becomes Latest Salmon Farmer to Announce Layoffs; Over 800 Employees Receive Notices
SalMar sent layoff notices to 851 employees at its processing facilities in Frøya and Senja, Norway, explaining that the government’s proposed aquaculture tax “has destroyed the market for long-term fixed-price contracts.”
“Such contracts are usually entered into well in advance of deliveries and are absolutely necessary in order to fill the facilities with enough processing activity,” a translated press release from SalMar read.
The layoffs are mostly associated with further processing at the aforementioned plants, with 696 employees impacted at those sites...
To Read Full Story Login Below.