TravelMole
Agent

SAS to slash another 1,500 jobs

Wednesday, 12 August 20093 min read

SAS has announced it plans to slash another 1,000 to 1,500 jobs as part of a revised cost-cutting programme.

It is also seeking a 10-20% cut in pay and pensions for cabin crew and pilots.

In February, SAS announced that another 3,000 jobs would have to go.

The airline says it needs to cut 2bn Swedish kronor, or £166m, to meet fierce competition in a “highly challenging market”.

“Accordingly, it is essential that we now completely close SAS’s cost gap with our competitors,” said SAS president and chief executive Mats Jansson.

“This is a matter of competing on equal conditions and, ultimately, about the survival of SAS.”

The airline reported a net loss of 1.05bn kronor in the second quarter of 2009.

By Bev Fearis