Annonce
Annonce
Annonce
News in english

SAS survival plan made public

SAS has published its plan to avoid bankruptcy.

Gem til liste

Scandinavian Airlines System (SAS) has announced plans to reduce annual costs by SEK3 billion and to sell off assets for an equal amount.

"This truly is our 'final call' if there is to be a SAS in the future,” SAS President and CEO Rickard Gustafson says.

According to the savings plan, SAS plans to cut 6,000 employees off its staff base, reducing the number of employees from 15,000 to 9,000. In 2004, SAS had 32,500 employees.

Cutbacks will include some 800 administrative positions in Norway, Denmark and Sweden, considerably reducing the number of managers in the company.

A new salary system is to be introduced, with fewer steps on the salary scale, and with the basic wage to be cut by up to 15 per cent.

The plan is to be introduced immediately and will be concluded during 2013 and 2014.

“A new comprehensive plan will pave the way for a new, strong and competitive SAS. The plan needs to be fully implemented and new collective agreements must be signed in a very short space of time in order for SAS to have access to necessary funding,” SAS says.

“This plan will give SAS a fresh start and will create a completely new platform for the future. It is a profound plan that demands a lot from the entire organisation,” SAS says, adding that the plan needs to be implemented to allow the company to adapt to current market conditions.

SAS says that its banks and main shareholders have given the new plan their full support and will make credit available to SAS on equal terms.

Banks, however, demanded last week that an extension of facilities to SAS was contingent on guarantees from Sweden, Denmark and Norway who own 50 per cent of SAS. These governments in turn appear now to have cleared their guarantees with the European Union.

The SAS plan calls for new union agreements for personnel , a centralisation of administration functions, a reduction of compensation to market levels, new pension terms and an outsourcing of call centres and ground handling.

It calls for the divestment of subsidiary Norwegian regional airline Widerøe, airport related real estate interests and ground handling.

FACEBOOK – Follow Politiken’s News in English

PolitikenPlus
  • Fingerring Fingerring i forgyldt sølv med ferskvandsperle. Ringen er enkelt i sit udtryk med perler som giver den et eksklusivt præg. Ringen er justérbar og passer derfor de fleste, på den ene eller anden finger

    Pluspris 359 kr. Alm. pris 449 kr. Køb
  • Champagnekassen 6 fl. Oplev hvor godt den ægte Champagne kan smage, og hvor mange smagsnuancer den kan byde på.

    Pluspris 1.500 kr. Alm. pris 1.774 kr. Køb
  • Coco de mer Coco de mer er en nød. Verdens største. Op til en halv meter lang kan den blive ? og når den er tungest, vejer den 30 kg.

    Pluspris 1.300 kr. Alm. pris 1.500 kr. Køb
  • Bamser Alle Én Gry & Sif produkter er håndlavet i Nepal af meget dygtige medarbejdere som hovedsagligt er kvinder. Ulden kommer fra New Zealandske får. Alt forarbejdningen af den rå uld bliver udført i Nepal

    Pluspris 279 kr. Alm. pris 349 kr. Køb
  • Bezzerwizzer Mini - Året der gik 2014 Årets mandelgavehit med 600 spørgsmål om store og små begivenheder fra året der gik - fra kultur til politik og fra sport til sladder.

    Pluspris 99 kr. Alm. pris 130 kr. Køb