SAS and pilots' unions reach agreement, ending strike: company

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

The agreement was confirmed by both the company and the unions after a negotiation session ran through Monday and into the early hours of Tuesday.

STOCKHOLM, SWEDEN - Scandinavian airline SAS and the unions representing their pilots said Tuesday that they had reached an agreement, ending a two-week strike that has cost the ailing airline between $9.0 and $12 million a day.

"SAS pilots have taken responsibility to sign a new agreement with SAS and the strike will cease," the Swedish Air Line Pilots Association said in a separate statement. They were protesting against salary cuts demanded by management as part of a restructuring plan aimed at ensuring the survival of the company, and the firm's decision not to re-hire pilots laid off during the Covid-19 pandemic.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines