sweden - based airline scandinavian airlines system ( sa ) that it will reduce payrolls by 8 , 600 jobs as sort of its " core sas " redevelopment plan . the airline will cutting 3 , 000 staff direct and eliminate 5 , 600 by divesting business ventures , reducing the workforce by 40 % to 14 , 000 . the decision comes after sas reported losses of 6 . 32 billion swedish krona in 2008 . the company is plans to sell airbaltic and spanair and its stake in aerial finland , bmi , estonian air , skyways limited , spirit airlines and assurance . avianca is to be sold for €1 . the company intends to switch to concentrate on its key nordic product .
European Airlines are cutting jobs.