The Swedish airline strike over

The Swedish airline strike over The Swedish Air Transport Industry Employers' Association and the Swedish Transport Workers' Union today accepted the negotiators offer regarding the 2003 contract for flight technicians, mechanics and baggage handlers. Consequently further planned strike actions are cancelled against SAS and subsidiaries. For the SAS Group, the agreement entails a pay freeze for 2003, in line with SAS's initial and unconditional demand, however, elements of the planned savings for 2004 were lost The contract means that the SAS Group has now reached agreement on a pay freeze for 2003 with all affected trade unions in Scandinavia. Work to further reduce the Group's costs is continuing during 2004 and SAS will take the measures necessary to achieve competitiveness on the airline market. SAS GROUP CORPORATE COMMUNICATIONS ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/04/20040204BIT00700/wkr0001.doc http://www.waymaker.net/bitonline/2004/02/04/20040204BIT00700/wkr0002.pdf