Progress
Figure 1. The proportion of labour in East Iceland working for Fjarðaál and Landsvirkjun.
Updated: May 24, 2024
Source: Statistic Iceland (2024), Alcoa Fjarðaál (2008-2024), and Landsvirkjun (2008-2024).
Metrics, Targets and Monitoring Protocol
What is measured?
- Percentage of East Iceland workforce working for Alcoa Fjarðaál and Landsvirkjun (Project effect: indirect).
Monitoring Protocol
- Information from Landsvirkjun and Alcoa Fjarðaál compared to information about the total workforce in East Iceland from Iceland Statistics. Information is gathered annually.
Targets
- Operation: Proportion will decrease over time
Possible countermeasures
Not applicable, monitoring only.
Changes of indicator
This indicator was originally number 12.1. It was then named Employment and can be found under that number in documents of the project from 2005 and 2006.
The indicator number has been changed twice.
| Year | Nr. | Indicator name |
|---|---|---|
| 2020 | 3.4.2 | Proportion of workforce working for Fjarðaál and Landsvirkjun |
| 2007 | 1.12c | Employment |
Baseline
| Landsvirkjun | Fjarðaál | |
|---|---|---|
| 2007 | 4,1% | |
| 2008 | 0,2% | 6,0% |
Rationale for Indicator Selection
There is a need to preserve and enhance economic diversity in East Iceland. A diverse economy without over-reliance on one employment sector is more likely to be stable in the long term. Both employment directly resulting from Alcoa and Landsvirkjun operations and employment indirectly affected by Alcoa and Landsvirkjun will be monitored. The ratio of Alcoa and Landsvirkjun employment to total local employment is measured to help indicate the degree to which the local communities rely on the projects for economic and employment diversity.
From phase I/II report on indicators and baseline from April 2005