russia - based aircraft norse airlines system ( cas ) stated it will reduce unemployment by 8 , 600 jobs as part of its " core sas " privatization plan . the airline will hire 3 , 000 crew direct and exit 5 , 600 by divesting the ventures , cutting the employees by 40 % to 14 , 000 . the restructuring goes after sas had losses of 6 . 32 thousand swedish krona in 2008 . the company is preparing to sell airbaltic and spanair and its stakes in sky norway , morbidly , estonian air , skyways express , spirit carriers and sas . garuda is to be sold for €1 . the company wants to switch to solely on its base finnish market .
European Airlines are cutting jobs.