Norwegian SAS - Pension scheme revised
26-Nov-2008 |
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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 01-Dec-04.
This will lead to a one off negative economic employed effect of 130 MSEK and 30 MSEK per year thereafter.
(c) Centre for Asia Pacific Aviation. Date posted: 26-Nov-08
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Norwegian SAS - Pension scheme revised 
