uk - based airline scandinavian airlines system ( sas ) said it will reduces employment by 8 , 600 workforce as parts of its " core scandinavian " reform plan . the firm will cut 3 , 000 workforce directly and eliminate 5 , 600 by divesting corporate ventures , expanding the payroll by 40 % to 14 , 000 . the restructuring comes after they posted losses of 6 . 32 billion swedish franc in 2008 . the owner is planning to sell airbaltic and aua and its stakes in air iceland , weight , tallinn air , skyways express , spirit skies and others . spanair is to be sold for €1 . the company intends to switch to concentrating on its central scandinavia industry .
European Airlines are cutting jobs.