SAS Group took a major step toward achieving its goal of SEK4 billion in cost reductions following the finalization of labor agreements with its trade unions that it said will save SEK1.5 billion ($182.4 million). The company believes the remaining SEK2.5 billion can be achieved in other areas of SAS. President and CEO Mats Jansson said the labor savings "represent a positive result for these negotiations," which began in November, and are a "clear indication that we are on track to succeed ...

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