Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
On 25th April, SAS management announced the sale of its subsidiary SAS Facility Management AB to Coor Service Management owned by the investment company Cinven. All the 130 employees (of whom 45 in Norway) employed at SAS Facility Management AB in Denmark, Norway and Sweden will be transferred to Coor Service Management by 2nd June. They will all keep their salaries and other benefits. Although the unions in SAS are generally opposed to outsourcing, they seem to accept the sale of the facility management. The contract amount to NOK 1,5 billion.
Outsourcing of services has been an ongoing discussion in SAS for a long time. Also outsourcing of the ground services has been a hot issue, but the company decided in February to retain these, among others because of strike threats. Although the unions in SAS are generally opposed to outsourcing, they seem to accept this sale of the facility management.
SAS Facility Management AB (and its subisidiaries) handles services to SAS such as property management, production service, conference and reception services in Norway, Sweden and Denmark.
Eurofound (2008), SAS Facility Management, Outsourcing in European Union, factsheet number 66561, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66561.