65 jobs lost at Reykjavik Energy

65 Reykjavik Energy staff members lost their jobs yesterday. The majority of them worked in education and publicity.

The employees were told about the resignations yesterday lunchtime and they will take effect at the beginning of next month. The 65 will stop working immediately, but will be entitled to three-months’ severance pay, as is the law in Iceland. Some of the unlucky workers had been at Reykjavik Energy for over 40 years, RUV reports.

The public sector workers’ union of Reykjavik has expressed disappointment at the decision and believes other cost-cutting measures have not been fully utilised.