Air Transport World

SAS reaches savings goals.(Brief Article)

SAS Group finalized agreements with its unions that the company said provide savings necessary to implement its Turnaround 2005 restructuring plan. According to SAS, savings of roughly Sek14 billion ($1.83 billion) were required in order to succeed, including Sek1.5 billion through labor contract renegotiations. Of this, Sek700 million came from pilots and Sek400 million from cabin staff. The remaining Sek400 million will come from other workgroups through agreements still to be negotiated. Additional savings of Sek500 million call be achieved elsewhere.

SAS also has restructured its management in line with the decision to create independent airline units in Denmark, Norway and Sweden. …

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