SAS to lay off 300 administrative workers
Posted 19/01/2012
SAS Scandinavian Airlines will lay off 300 administrative staff as part of its 4Excellence program aiming to cut annual costs by 3%-5% (ATW Daily News, Sept. 15, 2011). According to SAS, these cost-cutting measures will reduce expenses by SEK2 billion ($288 million) for 2012. SAS maintains its forecast of a marginally positive financial result for 2011. However, implementing 4Excellence has become even more crucial in 2012 due to increased economic uncertainty, increased pressure on yields in the airline industry and continued high fuel prices.
Originally published 18 Jan 2012 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/7xhWrC5FrbQ/sas-lay-300-administrative-workers-0118
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