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ECONOMY

Rescue plan for Trollhättan

The government and its alliance parties are in principle agreed on a rescue plan for Saab in Trollhättan, even though the Greens and the Left Party appear to be bickering over the small print. The plan will be presented next Monday but, according to DI, much of the bickering concerns funding for an extension of the arterial road between Trollhättan and Gothenburg.

Commission forecasts robust economic growth

European Union Economic and Monetary Affairs Commissioner Joaquin Almunia said on Tuesday that rising oil prices would impact negatively on EU growth next year.

Almunia does, however, forecast robust economic growth for Sweden and an improved labour market. Growth is forecast to be around 3.6 per cent in Sweden both in 2005 and 2006.

Retail sales show strong increase

Retail sales rose by 5.2 per cent in September year-on-year with sales on consumer durables up by 9.3 per cent.

Orrefors up for sale again

After a loss of some 50 million crowns for the 2003/2004 fiscal year, Orrefors Kosta Boda is up for sale. Royal Scandinavia, the Danish owner, aims to sell the group within a year of two, preferably to a Swedish investor.

SCA’s interim report

Forest products group SCA posted a pre-tax profit of 1.4 billion crowns for the third quarter, down 14 per cent on the previous quarter. The result includes capital gains of 70 million crowns from a sale of shares. The group now intends to lay off some 1,200 employees in a bid to save 1 billion crowns.

“We are not happy with the Q3 result,” said SCA chief executive Jan Åström.

SCA’s share price fell by 3.1 per cent to 268 crowns following the release.

Trelleborg results

Engineering group Trelleborg posted a pre-tax profit of 137 million crowns for Q3, which may be compared with a pre-tax profit of 165 million crowns for Q3 2003. High commodity prices and a weak market impacted on the Automotive business area. Trelleborg will now transfer wheel production from Trelleborg to Italy.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri

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With an experienced team of in-house translators, Beck specialises in translating from Swedish into English in such areas as finance and economics, marketing and advertising, biotechnology, the environment, quality, and personnel & administration.

SAS

‘We agree to disagree’: Still no progress in marathon SAS strike talks

By lunchtime on Friday, talks between the Scandinavian airline SAS and unions representing striking pilots were still stuck on "difficult issues".

'We agree to disagree': Still no progress in marathon SAS strike talks

“We agree that we disagree,” Roger Klokset, from the Norwegian pilots’ union, said at lunchtime outside the headquarters of the Confederation of Swedish Enterprise in Stockholm, where talks are taking place. “We are still working to find a solution, and so long as there is still some point in continuing negotiations, we will do that.” 

Mats Ruland, a mediator for the Norwegian government, said that there were “still several difficult issues which need to be solved”. 

At 1pm on Friday, the two sides took a short break from the talks for lunch, after starting at 9am. On Thursday, they negotiated for 15 hours, breaking off at 1am on Friday morning. 

READ ALSO: What’s the latest on the SAS plane strike?

Marianne Hernæs, SAS’s negotiator on Friday told journalists she was tired after sitting at the negotiating table long into the night. 

“We need to find a model where we can meet in the middle and which can ensure that we pull in the income that we are dependent on,” she said. 

Klokset said that there was “a good atmosphere” in the talks, and that the unions were sticking together to represent their members.

“I think we’ve been extremely flexible so far. It’s ‘out of this world’,’ said Henrik Thyregod, with the Danish pilots’ union. 

“This could have been solved back in December if SAS had not made unreasonable demands on the pilots,” Klokset added. 

The strike, which is now in its 12th day, has cost SAS up to 130m kronor a day, with 2,550 flights cancelled by Thursday, affecting 270,000 passengers. 

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