Changes to fishing fees call for rationalization and layoffs

Fisheries companies need to respond to the announced changes to the fishing fee law with streamlining and layoffs. This is stated in a memorandum by Gunnþór Ingvason, CEO of Síldarvinnslan, which was sent to the Stock Exchange of Iceland yesterday. "Investors and shareholders will find their money better placed in other and more profitable businesses if the bill passes," the memorandum says. Investments and renewal are on the back burner. The di…