Salmon farmer slashes 140 jobs because of Faroese tax hike

Earlier this year, the Faroese government approved a new tax rate on the salmon farming sector, lifting the top tax rate to 20 percent.

"We hoped that we could agree a sufficient amount of long-term contracts, so we could keep all our employees," Bakkafrost CEO Regin Jacobsen said. — "We hoped that we could agree a sufficient amount of long-term contracts, so we could keep all our employees," Bakkafrost CEO Regin Jacobsen said.Photo: Anders Furuset

Hanna Gezelius

Bakkafrost Faroe Islands Bakkafrost Farmed salmon Tax Regin Jacobsen

Published 13 November 2023, 05:00Updated 13 November 2023, 14:16