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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.

"This certification of Havsbrún is a major step towards our goal of having all our salmon ASC-certified," said Regin Jacobsen, CEO of Bakkafrost.

"We are not satisfied with the financial results in this quarter," said CEO Regin Jacobsen, although the company claims record biological performance in the Faroe Islands will support future growth.