newstodate.aero
APR 10, 2003 (newstodate): The Board of Directors of the SAS Group has today provided the SAS Group management team with a mandate to implement comprehensive restructuring measures to ensure the Group's profitability, long-term competitiveness and efficient flight operations for the Group's airlines.
The SAS Group is already implementing two restructuring programs, with a total earnings effect of SEK 12.5 billion prior to 2005. It is estimated that the additional measures will result in further cost savings of SEK 6-8 billion, providing the remaining union negotiations are completed according to plan.
-Agreements have been signed with 35 of the 39 unions, and the SAS Board has assigned us to complete discussions with the remaining parties, says J�rgen Lindegaard, SAS's CEO.
Among the results from negotations concluded so far, SAS' pilots will increase block hours from the current level of 490 to more than 700, about 4000 jobs will be axed, and SAS will conduct a redistribution of its aircraft fleet and minimize the number of aircraft types at each of the currently three bases.
Also most unions have accepted the Group's proposal for a wage-freeze in 2003.
The SAS Group is already implementing two restructuring programs, with a total earnings effect of SEK 12.5 billion prior to 2005. It is estimated that the additional measures will result in further cost savings of SEK 6-8 billion, providing the remaining union negotiations are completed according to plan.
-Agreements have been signed with 35 of the 39 unions, and the SAS Board has assigned us to complete discussions with the remaining parties, says J�rgen Lindegaard, SAS's CEO.
Among the results from negotations concluded so far, SAS' pilots will increase block hours from the current level of 490 to more than 700, about 4000 jobs will be axed, and SAS will conduct a redistribution of its aircraft fleet and minimize the number of aircraft types at each of the currently three bases.
Also most unions have accepted the Group's proposal for a wage-freeze in 2003.