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SAS embarks on cost cutting plan

Victoria Tozer-Pennington
By Victoria Tozer-Pennington Nov 12, 2012 1 mins read
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SAS embarks on cost cutting plan

Scandinavian airline SAS is planning to cut costs by shedding more than 1,000 staff and cutting the pay of other employees by 15%. The plan has been approved by the airline’s lenders which are close to approving SAS to roll over the debt coming due next year. SAS has failed to post a profit since ...

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