Iceland Post, Stamp and Philatelic Department (Postphil) will be abolished at the end of this year after about 90 years in operation.
We still have two stamp issues left this year, on September 12th. and October 31st., but when they are done the department will be closed down for good and will stop serving stamp collectors, domestic and foreign, altogether.
The fact that the number of our philatelic customers have constantly been decreasing year after year has lead to years of deficit for Postphil.
Iceland Post has got a new CEO Mr. Birgir Jonsson, who is cutting down everything that is not profittable in this company, including Postphil, and that is due to the fact that Iceland Post currently has severe operating difficulties.
To-day, August 20 Iceland Post is laying off about 50 people throughout the company.
The current management of Iceland Post Ltd., prefers if possible to stop issuing new stamps altogether, but on the basis of current law, Iceland Post cannot unilaterally decide to do so.
However, there is some uncertainty as to how these matters will be handled in the future and the company is waiting for answers from itīs owner, the Icelandic state.
If the company must keep on issuing new stamps in 2020 and onward the number of new stamps will be very few each year and there will be no service for stamp collectors.
According to CEO Mr. Birgir Jonsson this task of producing and issuing new stamps could be given to outside contractors.
I will leave Iceland Post Ltd., in September after 20 years in charge of Postphil.
From October to December there will only be 3 people working at Postphil so operations will be at minimum
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