SAS INITIATES PROCESSES TO REDUCE THE SIZE OF ITS FUTURE WORKFORCE DUE TO LOWER EXPECTED DEMAND FOR AIR TRAVEL
As a result of COVID-19, demand is expected to be significantly affected during the remainder of 2020 and it will take some years before demand returns to the levels experienced before the outbreak. Consequently, SAS needs to adapt the business to a lower demand environment. As a consequence, SAS will initiate processes to reduce the size of its future workforce by up to 5,000 full-time positions.The COVID-19 outbreak has removed most of the demand for air travel and thereby the commercial basis for airlines. Currently, SAS is only operating a very limited domestic network in Norway and