Looking for a specific product?

Make a search for products & suppliers, articles & news.

SAS Reaches Agreement with Employees

SAS reports that they have now reached an agreement with employees about changes that will make SAS more profitable.

- It lays a good foundation for the future operation of the SAS, says Norwegian Minister of Trade and Industry Trond Giske. 

Board and Management of SAS proposed a road plan to create a profitable company on 12 november. In this connection, the Norwegian government gave its support to implement the plan. A major assumption has been implementing cost-cutting measures for three billion Swedish kroner saving annually.

- The measures are challenging for the employees and the effort of the staff to secure their jobs is appreciated. Agreement with employees that facilitates increased productivity and lower unit costs is an important part of the plan, said Giske.

Subject to Parliamentary approval, there is now right for the Norwegian state along with the other state owners in Sweden and Denmark, seven private banks and KAW Foundation makes available a renewed credit facility of 3.5 billion Swedish kroner to SAS. Norway’s share is 500 million SEK. Before this implementation, confirmation was required from an independent party about signing of the new collective agreements.

Associated companies:


Related news

Latest news

TechnipFMC named top Petroleum International Contractor by ENR

This accomplishment places us in front of companies such as Petrofac,

The world’s energy demand will peak in 2035 prompting a reshaping of energy investment

The electrification trend is already enveloping the automotive industry.

DNV GL launches revised design standard and new certification guideline for floating wind turbines

The role of offshore wind, including floating offshore wind energy, 

Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future

When the IMO confirmed the 2020 deadline for the 0.5 per cent global sulphur cap in 2016, 

DNV GL launches Operations & Analytics Centre in India to enable 24/7 monitoring for renewable assets globally

The new global monitoring centre is especially significant to independent power providers, 

DNV GL awards AiP to Jiangnan Shipyard for 93K cbm very large ethane carrier design “PANDA E”

The flexible, efficient and environmentally friendly design was developed by Jiangnan Shipyard in cooperation with GTT,

DNV GL starts phase II of project to examine the impact of phase-contamination on oil flow meters

Accurate measurement of the production of oil fields is an important means ...

Important message at the “AKVAculture Day”

We won’t be able to create growth unless we can handle the industry’s challenges.

Visit from the Ministry of Trade Industry and Fisheries

The Ministry visited in order to learn more about the industry.