Aviation News Item: 00088

9th Oct 2009

Source: evaint.com

Due to certain speculations in the Scandinavian media, regarding the negotiations between Scandinavian Airlines and its trade unions, SAS has made the following clarification.

SAS will not comment the negotiations until the management has processed and analysed the result and presented it to the SAS Board of Directors.

Talks have been taking place in connection with the presentation of the second quarter result in August 2009, when new cost saving measures, amounting to SEK 2 billion were launched. This was in addition to the cost saving measures within Core SAS amounting to SEK 4.5 billion and being implemented ahead of plan.

Within the 2 SEK billion of cost saving measures that was presented in August, SEK 1.4 billion shall be achieved through changes in the collective agreements to close the existing cost gap SAS has, compared with its competitors.

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