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"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.

Bakkafrost's One Company strategy for producing premium high-quality salmon has materialized in its sales and branding and created extra value.

Despite strong biological performance in the Faroe Islands and successful de-risking in Scotland, low salmon prices affected financial results.

Trading update from the Faroese salmon farming giant reports gains in both its Faroe Islands and Scotland operations, with harvest volumes and feed sales up significantly compared with last year.