• Sweden's news in English
 
app_header_v3

Seven of eight unions sign new deals with SAS

The Local · 19 Nov 2012, 08:04

Published: 19 Nov 2012 08:04 GMT+01:00

The union has made agreements with the Swedish and Norwegian cabin crews, as well as the pilot unions in Sweden, Norway and Denmark, according to SAS spokeswoman Elisabeth Manzi.

Robert Gustafsson, president of the Swedish pilots association, conceded that the agreement was tough on the pilots.

“We’ve made a big sacrifice. In principle, we’ve met with SAS in all areas – salary, pension and employment,” he told the TT news agency.

Part of the agreements means the Swedish pilots will lose a month’s salary per year, will see further pay cuts, and will have increased work hours.

Gustafsson pointed to the other employees to make similar sacrifices, stating the Swedish pilots had stretched as far as they could.

Norwegian pilots agreed to work more, and effectively took a 30 percent pay cut.

Meanwhile, the Swedish cabin crew will not suffer any pay cuts, but salary negotiations have been scrapped for the next two years. Staff members are also expected to work more hours.

The union yet to sign negotiations is the Danish cabin crew, which is currently in discussions.

In order to stay afloat, SAS has reached an agreement to increase its existing 3.1 billion kronor ($457 million) revolving credit facility to 3.5 billion, provided by seven banks and the three Scandinavian governments - Sweden, Denmark and Norway - that together own 50 percent of the company.

The negotiations are part of a crisis meeting which started on Friday afternoon and had a midnight deadline on Sunday, however talks have progressed into Monday morning and are ongoing.

The carrier is thought possibly to be heading for its fifth annual loss in a row after a restructuring programme last year failed to turn the company around.

SAS has in recent years come under increasing pressure from low-cost rivals such as Oslo-based Norwegian, Europe's third largest budget airline.

Asset disposals and further outsourcing means the group's total number of employees would fall to 9,000 from 15,000 following under the new plan.

Story continues below…

Shares in SAS soared 24.11 percent at around 0900 GMT on the Stockholm stock exchange. The main OMX Stockholm 30 index, in which the stock is not included,

was 1.28 percent higher.

TT/The Local/AFP/og

Follow The Local on Twitter

The Local (news@thelocal.se)

Your comments about this article

12:21 November 19, 2012 by globaltracker
If SAS to pack their bags I played safe .... Bought a suitcase with my frequent flyer miles last week itself :)
Today's headlines
Where to see the Northern Lights in Sweden
The Northern Lights pictured in Sweden on Wednesday night. Photo: Norrsken Sverige

An unusually high level of solar activity means the spectacle could be visible from rare spots in the country.

Swedish police 'in crisis' says union head
A file photo of Swedish police officers. Photo: Tomas Oneborg/SvD/TT

The creation of a new merged national police authority in Sweden has not gone well, according to the Swedish Police Union.

Nobel Prizes 2016
Nobel Literature Prize announcement delayed
Haruki Murakami (pictured) is one of the bookmakers' favourites. Photo: Bernat Armangue/AP/TT

The delay is due to 'arithmetic', an academician said.

Horny elk hold up Swedish hunt
One of the randy animals in question. Photo: Mikael Fritzon/TT

The giant things just can't contain themselves.

Sweden to ban masks but not burqas at football matches
A masked supporter at a Stockholm derby football match last year. Photo: Janerik Henriksson/TT

The ban is designed to curb violence at sporting events in Sweden, but it must also follow conventions on religious freedom.

Video
Heckler humbles Swedish golf champion with perfect putt
Henrik Stenson met his match in the final practice for the Ryder Cup. Photo: Charlie Riedel/AP/TT

Well that wasn't supposed to happen...

Presented by Invest Stockholm
Stockholm: creating solutions to global challenges

It’s no secret that Stockholm is serious about sustainability. We took a look at how the city's emerging startups are tackling global challenges, making the world a better place.

Warm weather melts H&M profits
An H&M store in central Stockholm. Photo: Maja Suslin/TT

A warm autumn may be good news for Swedes, but it was bad news for Sweden's biggest clothing brand.

Rail delays after heavy winds batter Sweden
The weather is expected to clear up. Photo: Anders Wiklund/TT

Commuters were advised to take it easy in traffic on Friday, after harsh winds toppled trees across roads and railways across Sweden.

Homes
In pictures: Eight traditional Swedish tiled stoves
A tiled stove. Photo: Wrede Fastighetsmäkleri

The traditional Swedish masonry stove (kakelugn) is still a popular feature in many homes today. Houzz.se's Amanda Strömberg has found out more.

Sponsored Article
‘I view the world in a different way now’
National
Here's how much Sweden's highest-earning authors make
Sponsored Article
Top 7 tips to help you learn Swedish
National
Sweden bad, Norway good, Trump better? I'm confused
National
Where to see the Northern Lights in Sweden
Blog updates

27 September

Cutting your nose …. (The Diplomatic Dispatch) »

"Last week, Jeremy Browne, the Special Representative for the City of London, visited Sweden. Jeremy was…" READ »

 

7 September

Svensk or svenska? (The Swedish Teacher) »

"Hejsan! My inbox is full of questions :-). Here’s one about when to use “svensk” and…" READ »

 
 
 
Sponsored Article
Expat finances in Sweden: the Common Reporting Standard
Gallery
People-watching: September 28th
Sponsored Article
Let's Talk: a personal Swedish language tutor in your pocket
National
Aliens' sex lives? Why Swedes want Nasa to send a condom into space
Analysis & Opinion
'If Sweden really wants startups, drop the red tape on migration'
Gallery
Property of the week: Gotland
Sponsored Article
Retiring abroad: ensuring your health is covered
National
Trump an 'embarrassment' Springsteen tells Sweden
Sponsored Article
'Creating a sense of home': Collective living in Stockholm
Gallery
People-watching: September 23rd-25th
Politics
Russian Sweden Democrat aide resigns over suspect deal
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
National
Muslim teacher leaves job after not shaking male colleague's hand
Sponsored Article
Gran Canaria: 'So much more than beaches'
Travel
Why we adore autumn in Sweden
Gallery
People-watching: September 21st
Sponsored Article
Why Jordan is the ‘Different’ East
National
Stockholmers hunt killer badger after attack on neighbourhood hipster cat
Sponsored Article
How to vote absentee from abroad in the US elections
The Local Voices
Why this Russian developer is committed to helping refugees - with tech
Sponsored Article
Why Jordan is the ‘Different’ East
National
Six key points in Sweden's budget plan
Sponsored Article
Retiring abroad: ensuring your health is covered
The Local Voices
How a Swedish name finally made recruiters notice this Iranian's CV
Sponsored Article
'There was no future for me in Turkey'
Gallery
Property of the week: Luleå
Sponsored Article
7 reasons you should join Sweden’s ’a-kassa’
Gallery
People-watching: September 16th-18th
Sponsored Article
‘Extremism can't be defeated on the battlefield alone’
Culture
Why Swedish TV has given these kids' trucks a sex swap
Sponsored Article
Stockholm: creating solutions to global challenges
National
TIMELINE: Everything you need to know about the Julian Assange case
Gallery
People-watching: September 14th
Politics
Why Sweden is putting troops on holiday dream island Gotland
The Local Voices
'What I mean when I say: I came here to blow myself up'
Society
VIDEO: Are Swedes that unfriendly?
The Local Voices
'Whenever I apply for jobs I’m treated like an unwanted stranger'
The Local Voices
Is Swedish bosses' ignorance keeping refugees out of jobs?
3,006
jobs available