Annonce
Annonce
Annonce
News in english

Market optimistic on SAS

The market has opened optimistically for SAS

Gem til liste

News that all unions but one have agreed terms with the Scandinavian Airlines System appear to have bolstered market sentiments, with the SAS stock bumping up some 21 per cent some 30 minutes after opening at around DKK6 kr.

The market was reacting to news that the pilots organisations in Sweden, Denmark and Norway had reached agreement with SAS on a rescue conditions package. Cabin crew organisations, apart from a single Danish one, have also reached agreement with the airline.

SAS CEO Rickard Gustafson briefly left negotiations Monday morning to issue a warning to the Cabin Attendants Union.

“We must reach settlement. It is vital for the company in order that we can carry through with our plan,” Gustafson says.

At issue is the SAS cost cutting package to the tune of an annual DKK 2.6 billion.

Agreement was reached overnight with Swedish, Danish and Norwegian pilots organisations as well as the two Norwegian cabin attendants unions and their Swedish sister union.

Although precise details of all agreements have not yet been made public, some details have emerged.

Sweden’s cabin crew say that their agreement calls for an increase in the pensionable age to 65, the removal of planned salary increases in 2013 and 2014 and more flexible working hours.

For pilots, the pensionable age is to increase to 65, production days (Ed: air time) increases from 179 to 190 days per year, several steps on the salary ladder have been removed.

Apart from the new agreements to cut costs by DKK 2.6 billion, SAS has announced plans to sell off its Norwegian subsidiary Widerøe as well as SAS Ground Handling.

FACEBOOK – Follow Politiken’s News in English

PolitikenPlus
  • Samtale før døden En tidsrejse på Betty Nansen viser opgør med nazitiden

    Pluspris fra 100 kr. Alm. pris fra 160 kr. Køb
  • Nytår Det kunne være et billede fra Dallas, Texas. Der kunne være tale om en sen nat i The Lone Star State ? og en cowboy, som ikke lige kunne huske, hvor han havde parkeret sin hest.

    Pluspris 850 kr. Alm. pris 980 kr. Køb
  • Winemakers Dinner Smag på 8 udvalgte vine fra nogle af de bedste og mest spændende områder i Spanien med masser af point fra Penin. Og nyd en tilhørende Rasmus Bo Bojesen menu kreeret så mad og vine matcher hinanden.

    Pluspris 850 kr. Alm. pris 1.250 kr. Køb
  • Fortiden Oscar-vinderen Asghar Farhadi er tilbage med endnu et syleskarpt og universelt menneskeligt drama med thrillerelementer.

    Pluspris 80 kr. Alm. pris 100 kr. Køb
  • Puslespil med lyd Sjovt og underholdende puslespil med lyd. Når brikken placeres korrekt kommer der en realistisk lyd, som afspejler den figur som brikken viser. Fås i 3 forskellige varianter.

    Pluspris 105 kr. Alm. pris 125 kr. Køb