Airline SAS to cut up to 4,000 jobs -TV

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Airline SAS to cut up to 4,000 jobs -TV  =

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Wednesday April 9, 5:44 PM EDT =


STOCKHOLM, April 9 (Reuters) - Loss-making Scandinavian flag carrier SAS =
(SAS) may be about to cut up to 4,000 jobs, or more than 11 percent of it=
s workforce, in a drive to return to profit, Swedish TV4 television news =
reported on Wednesday, quoting trade union sources.

The management of SAS, half-owned by the governments of Sweden, Denmark a=
nd Norway, is scheduled to propose new savings to the board of directors =
on Thursday before the annual general meeting later in the day.

TV4 said SAS's management and leaders of the various trade unions represe=
nting the group's 35,000 employees had been holding talks on the planned =
cost cuts on Wednesday.

The pilots of SAS, which is part of the Star Alliance grouping of airline=
s led by German carrier Lufthansa, had agreed to pay cuts of 2.5 percent =
as well as longer working hours, TV4 said.

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Like most other airlines, SAS's revenues and earnings have suffered in re=
cent years from the global economic slowdown.

International air traffic dropped sharply after the September 11 attacks =
in the United States, and recently the war in Iraq and the SARS virus spr=
eading in Asia have dealt new blows to the industry.

SAS's passenger traffic fell 4.5 percent year-on-year in March and only s=
ix of every 10 seats in its aircraft were filled.

SAS said earlier this year that the group's flagship business, Scandinavi=
an Airlines, would have to cut unit costs by 25-40 percent. =



=A92003 Reuters Limited. =


Roger
EWROPS

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