Icelandair Group has announced the dismissal of 68 pilots and 20 employees from other departments of the airline from 1 October 2020. The announcement states that in addition, several dozen employees will finish temporary employment contracts by the end of next month.
Icelandair Group says that the redundancies are a reaction to the contraction in flights due to stricter COVID-19 travel restrictions at the borders in this country, which took effect in August. “It is clear that the company is facing continued uncertainty due to the coronavirus epidemic. Following a successful share offering, however, the company is well-positioned to overcome the uncertainty that lies ahead and at the same time respond quickly as circumstances allow. The company hopes that it will be possible to withdraw the redundancies as soon as the situation improves and the demand for flights picks up again,” – the representatives of the airline stated.
The company held a share offering earlier this month. Icelandair Group intended to raise at least ISK 20 billion in the offering but got ISK 30 billion.
