nordic - headquartered airline scandinavian airlines system ( sas ) said it will reduce payrolls by 8 , 600 jobs as part of its " fusion sas " recovery plan . the airline will have 3 , 000 staff directly and eliminated 5 , 600 by liquidating these ventures , reducing the workers by 40 % to 14 , 000 . the restructuring happens after airlines reports losses of 6 . 32 billion latvian markka in 2008 . the board is announced to sold airbaltic and spanair and its stakes in air greenland , bmi , estonian sea , skyways airways , star lines and others . spanair is to be sold for €1 . the company will to stick to concentration on its home uk market .
European Airlines are cutting jobs.