SAS Airlines Lay-Off Nearly Half of Its Workforce As Coronavirus Ravages Air Travel Demand

Scandinavian Airlines (SAS) planes are pictured on the Arlanda airport. (Picture: Reuters)

The airways mentioned in an announcement that it’s shedding 5,000 workers that characterize 40 p.c of its workforce.

  • AFP Relaxnews Stockholm
  • Last Updated: April 29, 2020, 12:07 PM IST

Scandinavian airline SAS mentioned Tuesday it might lay off as much as 5,000 workers as the brand new coronavirus pandemic has worn out demand for air journey which might not return to regular for “some years”.

The 5,000 jobs characterize about 40 p.c of SAS’ workforce, chief government Rickard Gustafson advised information company TT.

“Given the current (travel) restrictions, SAS expects limited activity in the important summer season. In addition, it will most likely take some years before demand returns to the levels seen before COVID-19,” the corporate mentioned in an announcement.

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Gustafson advised TT he believed demand would regularly resume however wouldn’t return to pre-coronacrisis ranges “until 2022”.

SAS, which furloughed round 90 p.c of its workers in mid-March, mentioned it might start processes to chop round 1,900 full-time positions in Sweden, 1,300 in Norway and 1,700 in Denmark.

Sweden and Denmark, SAS’ two largest shareholders, introduced on March 17 they would supply greater than 275 million euros in credit score ensures to guard SAS from the financial impression of the disaster.

The airline mentioned Tuesday it was at the moment working solely “a very limited domestic network in Norway and Sweden”.

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This post was last modified on April 29, 2020 5:17 pm

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