SAS Scandinavian Airlines has reached agreements with all eight of its unions as the carrier seeks severe cost cuts so that it can avoid bankruptcy
SAS Scandinavian Airlines has reached agreements with all eight of its unions as the carrier seeks severe cost cuts so that it can avoid bankruptcy Following intense negotiations over the weekend, the unions signed new cost-cutting agreements; a necessary condition to obtaining the SEK3.5 billion ($515 million) government and bank loans SAS needs to survive. The company’s restructuring plan includes also the sale of Norwegian regional airline Wideroe and 800 job cuts (ATW Daily ...
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