Latest SAS news: Final union agrees to restructuring

Updated - Nov 19, 3:12pm SAS is now clear to implement its restructuring programme after agreeing to the terms of a new contract with its Danish cabin attendants. The Cabin Attendants Union was the final holdout of a total of...

Updated - Nov 19, 3:12pm

SAS is now clear to implement its restructuring programme after agreeing to the terms of a new contract with its Danish cabin attendants.

The Cabin Attendants Union was the final holdout of a total of eight unions in Denmark, Sweden and Norway that the airline needed to reach a deal with before it could implement its plan to save 2.8 billion kroner annually in order to keep the company in operation.

The agreements struck over the past week will now be reviewed by the airline's board, together with representatives from the Danish, Swedish and Norwegian states, who collectively own half of SAS shares, representatives from the banks Nordea and Swedbank, and other major investors. Should the agreements be accepted, the plan will go forward.

Read our previous stories about SAS's most recent plan to shore up the ailing airline

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