"Our board has been forced to consider extremely difficult scenarios in order to futureproof the business and secure our remaining staff across Scotland," a Bakkafrost spokesperson said.
Although positive overall thanks to good results in the Faroe Islands, jellyfish and startup issues in a smolt facility in Scotland have weighed down Bakkafrost's results.
European Commission President, Ursula von der Leyen, tours Bakkafrost facilities during visit to sign a memorandum of understanding enhancing ties between the Faroes and the EU.