It seems talks with Unions and SAS Management have continued overnight, with talks going beyond the deadline of yesterday.
As you’re all aware, SAS is trying to reorganise again, and needs buy-in from the unions to make the deep cuts it needs to survive, and there are parts of SAS that are preparing for shutdown – the most worrying example from Bloomberg should scare most people:
Airline management ordered all aircraft outside Scandinavia to be refueled and ready to return to base, and crews on all outbound flights were told to carry enough cash to meet expenses, SAS spokesman Mikkel Thrane said.
If that’s not a sign to worry, I don’t know what is.
SAS spokeswoman Elisabeth Manzi said negotiations were continuing after midnight.
“We continue very intense negotiations, but we cannot currently say when they may be concluded.”
Agreement so far has been reached so far with 1 out of 8 unions so. Negotiations are in progress, but this is pretty much a dire situation which needs to be resolved quickly.
Failure to agree will push SAS towards possible bankruptcy protection and bankruptcy.
There are multiple cancellations however today, so check before you travel. This one has also has the ability to turn ugly today, so I’ll be keeping an eye on this too.
For everyone’s sake – I hope SAS survives so that passengers can get home, and employees have job to go to the next day.
As what I’ve learned, Scandinavian Airline usually offer mostly luxurious flights.
So sad to see how this once great airline has been run into the ground by management and the unions. But the same has happened over and over again. Nothing new to see here.