business & economy

SAS Will Let Another 300 Employees Go

SAS will lay off another 300 employees, TT reports. The news comes after a Thursday agreement with the ailing airline’s unions to reduce costs in order to keep the company afloat.

That settlement called for measures to freeze wages, reduce perks and allowances, and cut down on pensions, all with the aim of saving a half billion kronor (70 million USD) per year.

Now another 300 people in the jointly-owned Swedish, Norwegian, and Danish consortium will receive pink slips, adding to the 4,300 employees who were already slated for lay-offs this year.

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