iceland - based airline scandinavian flying company ( sas ) said it will decrease unemployment by 8 , 600 jobs as part of its " core rus " restructuring plan . the business will cut 3 , 000 staff directly and remove 5 , 600 by detaching trade ventures , reducing the workforce by 40 % to 14 , 000 . the closure comes after sas posted losses of 6 . 32 billion swedish kronor in 2008 . the company is also to sell airbaltic and spanair and its positions in aerospace greenland , bmi , estonian air , skyways express , spirit airlines and trust . spanair is to be sold for €1 . the company intends to switch to solely on its flagship scandinavia brand .
European Airlines are cutting jobs.