Airline SAS to cut jobs and pay
The airline SAS is to cut jobs , pay and pensions sell some assets a deal to loans from banks and Nordic government. The credit to the airline depends on it securing union approval for the job cuts and wage cuts.
SAS airline are cutting 800 jobs and will cut the number of workers from 15,000 to 9,000. Therefore, can add money from transportation airline can made full-year profit and pre-tax not loss for the current year. In order to reduce labor costs. The loss of existing workers. But if we reduce the labor to make it more profitable and efficient in the management as well. The airline will also have to take steps to reduce the deficit on its pension scheme, which is expected to show a large shortfall as a result of accounting changes
Cut to jobs and pay SAS airline has not made a full-year profit since 2007 and has predicted a pre-tax loss current year . It has struggled with competition from low-cost rivals, as well as its regional competitor, Norwegian but profit add to transport, trade a lot of thing.
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