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Scandinavian Airlines approves relaunch plan (2): 4,000 redundancies planned

Stockholm, Sweden - Among the company's goals, purchasing 10 to 20 aircraft

Following the news of the approval of its relaunch plan, details of the nature of the steps Scandinavian Airlines is going to take to solve its current financial crisis start to emerge. In particular, it has emerged that 4,000 workers will be made redundant between 2004 and 2005. Executive Vice President, Soren Belin, said that costs in 2005 will be 45% lower than in 2002 and that Sas will probably...

AVIONEWS - World Aeronautical Press Agency - 60803
Rome, Italy, 03/26/2004 17:28
AVIONEWS - World Aeronautical Press Agency

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