SAS wins union approval for cost cuts

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By Alex Lennane

20/11/2012

The Board has decided that the conditions for the implementation of 4 Excellence NG plan exist

? 8 of 8 new union agreements have been signed November 19 ? The Danish Pilot Union Agreement is conditional upon approval by one third of its members.

4Excellence NG is targeting approximately 3 bn SEK of annual improvement from cost reductions and organizational restructuring and approximately 3 bn SEK increased liquidity from asset sales

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