On January 11, 2009, Scandinavian Airlines System (SAS), which has two head offices, one in Sweden and one in Denmark, signed an agreement with its unions on a new collective agreement to help the company save 1.5 million Swedish crowns (a little over 140 million euros): one third will come from wage cuts and two thirds will come from working time, pensions and insurances. (Ref. 090077)
“The negotiations were intensive and constructive. For the first time, we shared the same understanding of the problems and the target scenario. Our employees have demonstrated great understanding and the trade unions have acted responsibly” said Mats Jansson, CEO of the group, on January 14, upon presenting the agreement to the press. He added that the social partners agree to continue working together, to eliminate the cost gap – of approximately SEK 4 billion compared to relevant benchmarks.
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