Icelandair announced the layoffs of more than 2,000 out of its 3,400 employees by the end of the month. This is the largest mass layoff in Iceland’s history, announced the director of the Directorate of Labour. The company had already laid off 240 people a month ago. Most of the remaining 1,300 employees are working at a reduced employment ratio, while full-time employees have taken a pay cut. Last year, the company employed on average 4,715 people.
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