Drastic Budget Cut for Iceland’s Marine Research Institute

The institute has to lay off between twenty to thirty employees, and the research vessel Bjarni Sæmundsson has been moored permanently following severe budget cuts, according to the Iceland Review.

MFRI’s CEO Sigurður Guðjónsson stated that these are necessary measures to meet the cutback demands set forth by government authorities. The institute has been instructed to cut back costs to the tune of ISK 303,5 million ($ 2.55 million, €2.10 million).

The Marine and Freshwater Research Institute employs just under 200 people and runs two full-time research vessels.