SAS

Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport
505 jobs
Number of planned job losses
Job loss
Announcement Date
9 February 2010
Employment effect (start)
Foreseen end date

Description

Scandinavian Airlines (SAS) announced a new cost-saving programme cutting 505 jobs in Sweden. Out of the 505 redundancies, 125 cabin crew employees and 380 administrative workers are concerned. Another 145 jobs are to be cut in other Scandinavian countries.

Like other European airlines, SAS, which primarily focuses on the European market, has been struggling with fierce competition from low-cost airlines. The cost-saving programme will cut costs by 20%. The Swedish government will provide one billion SEK (€99.6 million) to SAS. As of February 2010, there was no information on when the job losses will occur.

Sources

Citation

Eurofound (2010), SAS, Internal restructuring in Sweden, factsheet number 70153, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70153.