sweden - situated company northwest airlines system ( sas ) said it will reduction adp by 8 , 600 jobs as section of its " core sas " restructuring plan . the companies will cut 3 , 000 people personally and another 5 , 600 by divesting trade ventures , reducing the workforce by 40 % to 14 , 000 . the restructuring comes after airlines declared losses of 6 . 32 billion swedish krona in 2008 . the company is also to sell airbaltic and qantas and its stakes in air greenland , percentile , estonian sea , skyways express , pioneer airlines and trust . spanair is to be sold for €1 . the carrier expects to stick to primarily on its core nordic market .
European Airlines are cutting jobs.