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Eimskip saves millions of euros on employees after cutbacks

Eimskip has gone through extensive cutbacks, which, among other things, have created savings totaling millions of euros on employee wages. 2020 has been a demanding year, in which the partnership with Royal Arctic Line was finally launched.

Photo: PR/Eimskip

Icelandic shipping line Eimskip has raised its bottom line after a challenging year in which it bagged large savings on, among other elements, employee wages, shows the annual report.

Here the profit for 2020 came to EUR 4.5 million, against EUR 1 million in 2019. The profit is made on a revenue of EUR 668.3 million, which is down EUR 11.3 million compared to the year before.

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