Although SAS Group has succeeded in reducing costs by SEK14 billion ($1.8 billion) over the past three years through its Turnaround 2005 program, the company's namesake airlines, collectively known as Scandinavian Airlines Businesses, continue to underperform. Furthermore, SAS says ongoing contract negotiations with unions are not progressing toward the cost-saving goals it needs, according to a recent edition of the company's internal newsletter. As a result, it is looking at shrinking SAB ...

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