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Figure 1. Proportion of labor in East Iceland working for Fjarðaál and Landsvirkjun.

Updated: May 17, 2019 - Reviewed May 18, 2020
Source:

  • Alcoa Fjarðaál (2008 - 2019)
  • Landsvirkjun ( 2008 - 2019)
  • Directorate of labour (2019) Retrieved May 17, 2019

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 total workforce in East Iceland from Iceland Statistics. Information 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.

Table 1. Changes to name and number of indicator
Year Nr. Indicator name
2020 3.4.2 Proportion of workforce working for Fjarðaál and Landsvirkjun
2007 1.12c Employment

Baseline

Table 2. Proportion of labor in East Iceland who worked for Landsvirkjun and Fjarðaál in 2007 and 2008.
  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 for the long term. Both employment directly resulting from Alcoa and Landsvirkjun operations, as well as 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