sweden - registered airline western airport system ( sas ) promised it will shrink payrolls by 8 , 600 jobs as part of its " core sas " reorganization plan . the airline will cut 3 , 000 staff efficiently and reduce 5 , 600 by liquidating business ventures , reducing the workforce by 40 % to 14 , 000 . the restructuring comes after sas posted losses of 6 . 32 million swedish shekel in 2008 . the company is plans to sell airbaltic and spanair and its stakes in air europa , bmi , estonian aviation , skyways elite , spirit airlines and trust . spanair is to be sold for €1 . the company expected to switch to concentrating on its core nordic market .
European Airlines are cutting jobs.