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ECONOMY

Nuder lies low on wealth tax

While not ruling out further changes in the wealth tax, Finance Minister Pär Nuder said on Monday that such revisions would not come about so soon.

“We have received a mandate from the Social Democratic conference on growth to reform the wealth tax. A step was taken in the budget bill by sharply raising the untaxed amount. Whether we need to take further steps is something we will assess once we review the tax adjustments,” he said.

Scania wants to buy out Ainax

Scania has gone on the offensive and announced an offer to buy Volvo’s old Scania shares now held in Ainax. Ainax shareholders were offered a newly issued Scania share for each Ainax share and the offer is based on the condition that Scania gets to own more than 50 per cent of the shares and votes in Ainax, whose only assets are Volvo’s formerly held Scania A-shares. Shareholders representing more than half of the capital and votes in Scania are in favour of the proposal. However, Ainax President and Chairperson Mariana Burenstam Linder was cautious in her reaction, saying the board will study the offer and later come out with a recommendation.

Scania report

On Monday Scania posted roughly 1.3 billion crowns in third quarter profit, up nearly 70 per cent on the year and about 46 per cent higher than the consensus estimate. Sales rose 1.8 billion crowns to 13.3 billion crowns. Order intake for trucks rose in all markets save for Asia and buses also reported rising order intake for the quarter. CEO Leif Östling noted that the market has improved partially and that the company is effectively capturing market share.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri

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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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