SAS to cut 1000 jobs

Eleanor Steed
By Eleanor Steed December 14, 2016 16:23

SAS to cut 1000 jobs

SAS plans to cut 1,000 administrative jobs and double its cost-savings target in light of increasing fuel costs and intensifying competition. The airline has stated that its fiscal first quarter profit will fall from a year earlier. As a result, SAS will try to reduce spending on operations by 1.5 billion kronor ($164 million) from 2017 to 2019. The 1000 jobs cuts amounting to about 9.3 percent of its workforce.

SAS will decide by the second half of 2017 if creating new bases across Europe to help reduce labour costs could complement business in the Nordic region.

Eleanor Steed
By Eleanor Steed December 14, 2016 16:23