Mowi, the world's largest salmon farmer by volume, has reinforced its plans to reduce the number of full-time employees at its disposal by 10% by 2024, equivalent to 1,500 jobs, it announced at its capital markets day on March 17.

Despite averaging first or second on production costs compared to other farmers working the same regions over the past five years, Mowi CEO Ivan Vindheim stressed that in absolute terms, the firm's cost of production was still too high [...]