Iceland - Lay-off of bank employees - November 30, 2019

Islandsbanki has laid off 20 employees, most of whom worked at the bank’s headquarters in Smaralind. The bank has shrunk by approximately 90 employees, or 10-12% in total, in 2019. Some of these changes today are organisational in their nature. Job descriptions are changing. Islandsbanki is fully owned by the Icelandic State Treasury. It is not the only bank to have laid off employees this year. In September, Arionbanki laid off approximately 100 employees.

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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) or the Head of communications at the ETUI, Mehmet Koksal
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