SAS will cut 300 full-time jobs on top of the already announced dismissals under the current cost savings plan SAS Core, the company wrote in the annual report which also contains new information about the company’s debt situation.
SAS has previously announced that it would cut 4,300 full-time jobs in connection with the cost-savings measures, but now it announces that the staff will be reduced by 4,600 full-time jobs.
SAS also informs that it has so far refinanced EUR 60 million corresponding to approx. SEK 580 million as part of a major refinancing of bonds of totally SEK 2 billion.
Finally the company has renegotiated four credit facilities representing approx. SEK 5 billion. The negotiated terms include the extension of the maturities of the facilities to 2013
SAS has previously announced that it would cut 4,300 full-time jobs in connection with the cost-savings measures, but now it announces that the staff will be reduced by 4,600 full-time jobs.
SAS also informs that it has so far refinanced EUR 60 million corresponding to approx. SEK 580 million as part of a major refinancing of bonds of totally SEK 2 billion.
Finally the company has renegotiated four credit facilities representing approx. SEK 5 billion. The negotiated terms include the extension of the maturities of the facilities to 2013
