sweden - located enterprise scandinavian airport system ( sas ) said it will cut payrolls by 8 , 600 employment as part of its " core ao " restructuring plan . the ceo will cut 3 , 000 job directly and reduce 5 , 600 by noncore business ventures , reducing the workforce by 40 % to 14 , 000 . the reconstruction starts after airlines posted losses of 6 . 32 thousand swedish dinar in 2008 . the company is also to sell airbaltic and spanair and its interests in air iceland , bmi , estonian air , skyways express , european airlines and trust . spanair is to be sold for €1 . the firm plans to switch to concentrating on its core nordic market .
European Airlines are cutting jobs.