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Pension scheme for Norwegian SAS employed revised

November 25, 2008 11:50

A dispute between Scandinavian Airlines Norway and the Norwegian Cabin Crew union NKF dating back to 2004 has been resolved by a, for SAS Group, negative ruling in the Norwegian court 2006. Since then, SAS group has been negotiating with NKF.

As a result all employees in Scandinavian Airlines Norway will have their pension payouts restated from 66% to 70% with retroactive effect from December 1 2004.

This will lead to a one off negative economic employed effect of 130 MSEK and 30 MSEK per year thereafter.

SAS Group Investor Relations

For further information, please contact
Sture Stølen, VP Head of SAS Group Investor relations + 46 8 797 1451

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