Job Market Monitor
SAS
(UPDATE) SAS | To cut more than 7,000 jobs
SAS Group to cut more than 7,000 jobs SAS Group’s plans to eliminate jobs and shrink its business were accepted by pilot and cabin-crew unions as Scandinavia’s biggest airline fights to stay afloat. SAS surged 29 per cent after reaching accords with all eight labour groups, with one deal that covers 600 Swedish cabin crew … Continue reading
Europe | What Next for Airlines?
Despite relentless consolidation in the European airline industry over many years, few national carriers have disappeared entirely. Hungary’s Malev went bust earlier this year. Belgium’s Sabena is long gone. But most live on even if they have been absorbed by bigger rivals. Still, rarely has the pressure to cut costs to save national carriers proved … Continue reading
SAS | To cut nearly 6,000 jobs
Loss-making airline SAS will shed nearly 6,000 staff through cuts and asset sales to secure loans from banks and Nordic governments to help it survive a global downturn and fierce competition. SAS (SAS.ST), one of the European flag-carriers being squeezed by discount carriers such as Ryanair (RYA.I) and Norwegian (NWC.OL), has not made a full-year … Continue reading
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