SAS - Minus 6 milliarder og 3000 ansatte skal bort

[haavig]

Flygiganten SAS melder tirsdag morgen at de ser seg nødt til å foreta en krise-emisjon for å overleve. Samtidig skal selskapet sparke til sammen 9.000 mann som en del av en ny strategiplan.

Les hele saken: http://www.hegnar.no/nyhetsoversikt/article358035.ece

Hørte SAS sin kommunikasjonsdirektør på NRK Radio si at fem av disse milliardene 'skyldes' Spanair.

Her står det at 9000 må gå, mens de fleste andre medier melder om 3000.

[sail4fun]

SAS Group launches Core SAS - renewed strategic approach for a competitive and profitable airline, including a rights issue of SEK 6 billion

In response to the current global operating environment and internal challenges and with the aim of strengthening SAS Group's ("SAS") long term competitive positioning and profitability, SAS management and Board of Directors have decided on a new strategic direction for the Group. The renewed SAS strategy, Core SAS, is intended to provide the key elements necessary to support a new competitive SAS, including a new, streamlined and simplified organization. The strategy, the implementation of which will commence in 2009, aims to create an SAS that generates long-term value for shareholders and pro-actively addresses the current industry dynamics, internal challenges and the global recessionary environment.

As a result of the re-organisation, about 3,000 SAS employees will be made redundant. In addition, 5,600 employees will leave the Group as part of operations that will be divested or outsourced. Of these, Spanair accounts for approximately 3,000 employees. Core SAS will result in a more efficient and simplified SAS with a strengthened customer focus.

In brief, SAS's new strategic approach, Core SAS, is built on five pillars:
· Focus on Nordic home market
o Divestment of Spanair, airBaltic, Spirit, Air Greenland, BMI, Estonian Airways, Skyways, Cubic and Trust (of which Spanair is already signed and airBaltic is already signed and closed)
o Certain operations of SAS Ground Services, SAS Technical Services and SAS Cargo are expected to be discontinued and/or outsourced to third parties

· Focus on business travellers and a strengthened commercial offering
o Downsizing of the network by reducing capacity to focus more on profitable business routes which the company, based on 2008 accounts, estimates would have had an pre-tax earnings effect of approximately MSEK 800; fleet reduction within Scandinavian Airlines of about 10 percent in short-haul and 18 percent in long-haul
o "Service and Simplicity" concept to be introduced with expanded customer offering

· Improved cost base
o Cost reduction program of approximately SEK 2.7 billion (excl. collective agreements) running 2009-2011
o Breakthrough in collective agreement negotiations expected to lead to annual savings of approximately SEK 1.3 billion

· Streamlined organization and customer oriented culture
o Operations of national subsidiaries to be transferred into new organization
o Efficiency enhancement of all operations

· Strengthened capital structure
o Rights issue of approximately SEK 6 billion to facilitate the implementation of Core SAS
o Extension of certain debt facilities

The following table sets out the effects that Core SAS would have had on the SAS Group's 2008 results:

Link http://wpy.waymaker.net/client/wayma...fn=wkr0003.pdf

[Someone]

Originally Posted by P.A. VIKING

As a result of the re-organisation, about 3,000 SAS employees will be made redundant. In addition, 5,600 employees will leave the Group as part of operations that will be divested or outsourced.

Ifølge resultatpresentasjonen vil 5200 av de 5600 skje utenfor Norden. Dvs det er ca 400 ansatte i Norden som enten vil være i selskaper/tjenester som skal bli solgt eller outsourcet

[MountainDew]

Det var ganske ekstremt og veldig synd for de som står på for SAS hver dag! 9000 høres da alt for mange ut?

[sail4fun]

Key ratios for January - December

· Operating revenue: MSEK 53,195 (50,598) (5.1%)
· Number of passengers: 29 million
·Earnings before nonrecurring items in continuing operations: MSEK -395 (1,234)
· EBT margin before nonrecurring items from continuing operations: -0.7% (2.4%)
· Net income for the period: MSEK -6,321 (636), of which MSEK -4,895 is attributable to Spanair
· Earnings per share: SEK -38.08 (3.87)

Major events in 2009

· SAS will renew its strategic approach and is launching the Core SAS strategy program
· To implement the Core SAS strategy, a rights issue amounting to approximately SEK 6 billion will be conducted. The rights issue is supported by the three government owners and the largest private shareholder, the Wallenberg Foundations (FAM). The banks J.P. Morgan, Nordea and SEB have also confirmed their expectation, subject to certain conditions, to enter into an underwriting agreement.
· The SAS Group divests Spanair - Spanair is reported as a discontinued operation and the total earnings impact for 2008, including the sales impact, amounts

Comments by the CEO

2008 will probably go down in history as one of the most challenging and turbulent years that the entire aviation industry has ever experienced. During the year, we saw a period of record-high oil prices, a financial crisis that heavily intensified during the final quarter and which led to an economic recession in many markets that has significantly reduced demand for goods and services. To address the global recession and our internal challenges, SAS management has launched a renewed strategic approach, "Core SAS," which contains five primary areas: focus on our Nordic home market, focus on business travelers, new efficient organization, improved cost base and a strengthened capital structure.

The Group's earnings before nonrecurring items in continuing operations for the fourth quarter amounted to MSEK -313 and for the full-year 2008 to MSEK -395. To this are added nonrecurring items corresponding to MSEK -649, which gives income before tax of MSEK 1,044. Income before tax for the year was charged with approximately SEK 5 billion attributable to the Spanair operations and effects of the divestment. Despite these considerably negative effects, it is gratifying that we have found a solution for Spanair with new Spanish majority owners who can now develop the company further. Earnings for the Group's core operation, SAS Scandinavian Airlines, were negative and amounted to MSEK -179, although this loss was limited by the extensive cost program that the Group quickly initiated and the general healthiness of the core operations. It is pleasing to report a favorable performance in SGS, STS and SAS Cargo, which is the result of an efficient change process. Within the framework of Strategy 2011 and our short-term Profit 2008 (P08) program, we have implemented measures corresponding to a total of approximately SEK 4 billion since 2007. A central element of the program is the reduction in capacity by a total of 33 aircraft, of which 15 aircraft in Spanair.

"Core SAS" will lead to SAS becoming a more focused and less complex company. "Core SAS" contains a number of changes, which combined, will make SAS profitable and competitive. In addition to implementing a new, streamlined organization, in combination with extensive structural changes, considerable reductions to the Group's fleet and route network will be made. A total of a further 14 aircraft will be withdrawn within the framework of "Core SAS." Cost measures totaling SEK 4 billion, of which SEK 1 billion pertains to S11 measures, will generate an earnings effect over the next few years. To enable effective implementation of "Core SAS", the Board has resolved on a rights issue of approximately SEK 6 billion.

SAS's market position remains strong. Our brand stands for quality, reliability and stability. These are also strengths that we will build on further in "Core SAS," where there will be a clearer focus on destinations and product offerings that are important to business travelers. Our position also improved during the year and SAS is among the three foremost airlines in Europe for regularity and punctuality. We are also at the leading edge in terms of innovation and product development.

One of the most important priorities I had when I joined SAS in 2007 was to change and improve relations with our trade unions. Accordingly, it is highly gratifying that I can state that a real breakthrough in our cultural turnaround has been achieved. The breakthrough was based on an agreement reached with all of SAS's trade unions in January 2009 regarding necessary changes to our collective agreements. All parties have made contributions and annual savings of about SEK 1.3 billion have now been achieved.

"Core SAS," with new competitive collective agreements, a more efficient and simplified organization that can facilitate decision-making and implementation ability, a competitive cost level, divestment of non-core operations and fleet reductions will create a stable platform for the future.

Mats Jansson
President and CEO

http://wpy.waymaker.net/client/wayma...fn=wkr0003.pdf

[sail4fun]

Scandinavian Airlines Norway reported full-year earnings of
MSEK 142, corresponding to an EBIT margin of 1.0%, which
is significantly lower than in the preceding year. The reasons
behind the decline in earnings of approximately MSEK 900
include the weaker economy, high jet-fuel prices, limited
success in the venture to expand capacity to leisure-travel
destinations in Europe and strongly intensified competition on
Norwegian domestic routes. Furthermore, costs for technical
maintenance rose after adjusting internal transfer price levels
to reflect market terms in relation to STS. The EBIT margin
weakened less during the fourth quarter due to such factors
as increased capacity adjustments and the effects of the cost
program.

[sail4fun]

Widerøe’s full-year earnings for 2008 amounted to MSEK 20
and were lower compared with the preceding year. The
positive trend in passenger revenue also continued in the
fourth quarter with an increase of 12% compared with the
preceding year. Widerøe has now received the five new
Q400NGs that were on order. This affects production, which
rises by 7% on a full-year basis. The main reasons driving the
negative earnings trend are attributable to costs. On a fullyear
basis, higher costs were incurred for replacement
capacity for the Q400 aircraft and higher costs for personnel,
fuel and handling.

[Someone]

Originally Posted by P.A. VIKING

Widerøe’s full-year earnings for 2008 amounted to MSEK 20

Noe sier meg at det er WIAS som redder resultatet her?

[Someone]

Så de skal hente 6mrd gjennom en emisjon. Gode nyheter er det ikke men det er vel nødvendig. Lurer på hvor mye aksjen faller idag?

Ellers kan man jo fastslå at å få €1 for JK er mer enn hva jeg hadde villet betalt for den syke spanjol. Ser også at det står i rapporten at Estonian vil bli solgt.

Ellers så kan man lurer på hva dette vil bety og når konseptet vil bli introdusert

A new commercial offering will be launched – Service And
Simplicity. SAS intends to further enhance its customer
offering by making the travel experience smoother, while at the
same time maximizing perceived value for the individual
customer. An improved EuroBonus program and many new
services (for example, mobile telephone boarding passes and
access to lounges for Economy Extra passengers) will be
launched within the framework of the new commercial offering.

....til nå har ihvertfall ikke jeg sett noe til forbedringer for Eurobonus

[Gulboble]

Originally Posted by Someone

Så de skal hente 6mrd gjennom en emisjon. Gode nyheter er det ikke men det er vel nødvendig. Lurer på hvor mye aksjen faller idag?

Ellers kan man jo fastslå at å få €1 for JK er mer enn hva jeg hadde villet betalt for den syke spanjol. Ser også at det står i rapporten at Estonian vil bli solgt.

Ellers så kan man lurer på hva dette vil bety og når konseptet vil bli introdusert



....til nå har ihvertfall ikke jeg sett noe til forbedringer for Eurobonus

Hvorfor skal norske skattebetalere betale for dårlig lederskap i SAS?
Selg hele greia, eller gi det bort.

[sail4fun]

Fra KABIN.no , http://www.kabin.no/nyhet_4106.nml


3.2.09 Nye SAS
NKF og de øvrige fagforeningene ble i går kveld informert om at SAS omorganiseres. Innen 4. februar kommer trinn en med ny struktur i hvert enkelt land. Deretter kommer trinn to med innplassering i konsortiet som skal være på plass innen 1. april 2009. Vi skal tilbake til den selskapskonstruksjon vi kom fra for vel fire år siden. Det blir ett SAS, og vi skal alle sammen bytte arbeidsgiver tilbake til konsortiet senest 1. april 2009. Det blir dermed ett AOC som skal brukes i alle tre land inklusive intercont. (IC). Det norske AOC-et går inn i konsortiet senest i slutten av 2009.

De tre SK-aksjeselskapene avregistreres så fort som mulig. Flyoperasjonene organiseres innledningsvis som i dag på tre hovedbaser under tre Chief Operating Officers (landssjefer). I Norge blir dette Ola Strand. Anders Ehrling avgår i Sverige og det samme gjør Suzanne Larsen i Danmark. Disse erstattes av nye sjefer rekruttert internt i SAS.

Sjef for det ”nye” flyselskapet Scandinavian Airlines blir John Dueholm som fortsetter som vice-VD i konsernet. Samtidig introduseres en ny kommersiell plattform. Det blir et meget slanket SAS i fremtiden, mange deler blir solgt og det kommer ytterligere trafikkreduksjoner, med totalt 12 fly hvorav to er IC-maskiner. Kommersielt legges IC under COO CPH og operasjonelt legges IC i konsortiet. Trafikkreduksjoner og flyreduksjoner vil medføre ny overtallighet både for piloter og kabinansatte. Vi vet ennå ikke hvilke ruter som rammes og kan derfor ikke si noe om en eventuell overtallighet for norske CC. Vi vil bruke tiden frem til 1. april for å se på konsekvenser og løsninger.

Vi henviser videre til den omfattende informasjonen som SAS sender ut i dag når det gjelder ytterligere detaljer rundt omorganiseringen i SAS.

En snart fireårig ”ørkenvandring” er om meget kort tid over, og NKF gratulerer konsernsjef Mats Jansson med beslutningen. Vi gleder oss over at ledelsen har lyttet til de ansattes råd og forslag.


NKF kommer med mer informasjon så snart vi har flere detaljer å komme med

[Someone]

Tror det nå er fornuftig å samle SAS i 1 selskap med 1 felles AOC


De kabinansatte virker ihvertfall positive. Ifølge dem har ledelsen lyttet på de ansatte

Originally Posted by P.A. VIKING

Anders Ehrling avgår i Sverige og det samme gjør Suzanne Larsen i Danmark. Disse erstattes av nye sjefer rekruttert internt i SAS.

Noe sier meg at avgangene her ikke er 100% frivillige og på eget initiativ

[Tertit54]

Det står at mye virksomhet skal "outsorces " , så gjenstår det å se om dette er blitt mere praktisk mulig enn det var for noen måneder siden.
Ellers er det lite hyggelig å lese at den kostbare omleggingen til 3 skandinaviske flyselskaper skal reverseres. Her har Sas kastet bort unødvendig mye penger. Nå når man er kvitt Spanair så kan bør Sas konsentrerer seg om sitt egent marked i Nord Europa og heller ta beslutningen om å legge ned hele IC avdelingen. Sas er rett og slett ikke store nok til å drive med det.

[Tommy777]

Originally Posted by P.A. VIKING

Anders Ehrling avgår i Sverige og det samme gjør Suzanne Larsen i Danmark. Disse erstattes av nye sjefer rekruttert internt i SAS.

Ja, la folka som har laga denne suppa bli de som skal ordne opp i greiene..

Hva med noen nye koster??

Mitt Flyertalk innlegg om saken:

For SAS to focus on their core business is something I pointed out to be important for years.

I see no point in SAS owning 20% of BMI or investing as a minority owner in other airlines when their own business has so many challenges.

Also, dividing up SAS in to 4 different units was also a bad move, finally they are getting everything back together and they will definitely save money doing so. (easier to sell one company to LH than 4 )

That said, to give Extra pax access to lounges is a really bad idea. Already pointed out earlier in the thread, noone will buy a Business Class seat ever again.

The intercont cut is beyond me. If they are cutting in intercont, they should have just cut the whole thing. If they didn't make money with their micro fleet, there's no way they will make money with 9 planes. In fact, they will invite even more competitors in to Scandinavia and get even weaker.

And finally, what worries me is that they don't have a plan or strategy other than "Core SAS". I would like to see how they plan to win their customers back.

It's easy as ABC to compete against Norwegian. They don't have a good product and have raised their baggage check and seating prices by up to 380%.
Still, SAS keeps confusing the customers, they cut and are not utilizing their most powerful, free market tool, Eurobonus and they cut their flagship Intercontinental where every other airline have their best margins.

I bet they are laughing at the DY HQ right now because their very predictable and very confused competitor are not doing anything to stop their growth and that other intercont carriers like CO, DL and US are looking to find aircrafts to fill the void SAS is leaving.

[Bizflyer]

Vi visste vel alle at noen endringer måtte komme. Personlig håper jeg at SAS kan vokse igjen "når krisa er over". Problemet for flyselskaper er at de ikke har nok fleksibilitet til å gjøre endringer når konjunkturene svinger. Og det er vel lett å forstå med tanke på dyre fly og at man er avhengig av mye mennesker for å operere dem.

Om endringer blir suksess eller katastrofe avhenger helt av hvordan de gjennomfører dem. Tar de bort mer service i forhold til sine passasjerer har de nok tapt før de har begynt. Jeg håper at de snart tar til fornuften og satser litt friskt i forhold til å forbedre gjeldende slagord "Vi relanserer service". Og denne gangen gjøre det SKIKKELIG! Tror SAS har alt å vinne på å gjeninnføre gratis mat og drikke bakerst og å gi 100% bonuspoeng som et minimum. Mange velger bort SAS nettopp på grunn av dette. Disse kundene MÅ SAS klare å vinne tilbake!

Det kan jo se ut til at de har tenkt å samle SAS i ett selskap nå, istedet for 4 selskaper. (Selv om det ikke stod direkte.) Det tror jeg er fornuftig. Så kan man spare inn en haug med toppledere og mellomledere. Manpower koster penger! Det er selvfølgelig synd at mange må gå, men alternativet hadde jo vært at alle måtte gå.

Det er forresten en liten stemme i bakhodet mitt som sier til meg at med alle disse planene som SAS har, og den arrogansen SAS sin formann har vist, så er det nok ingen i SAS sin ledelse som kommer til å bry seg døyten om hva vi måtte mene om Eurobonus osv. SAS har feilet i det å lytte til sine kunder, og det er nok en av grunnene til at de er hvor de er!

BF

[EB]

2 langdistansefly skal også bort...nå blir det ramaskrik!

[LN-Q]

3000 er mange, hvor i systemet er det de skal ta fra da?

[Andrev]

"Operations of national subsidiaries to be transferred into new organization" - så alt skal inn i «nye SAS» altså?

[Someone]

Originally Posted by LN-Q

3000 er mange, hvor i systemet er det de skal ta fra da?

Med tanke på at rundt 20 fly skal ut, så blir det mange overflødige her.


Litt avhengig av hva de finner på, så tror jeg dette er riktige veien å gå. Dvs sitt igjen med et solid og fungerende kjerne av det som blir igjen, og så bygg en fremtid på dette. Det har uansett vært klart lenge at drastiske tiltak måtte til og det er bedre å gjøre det skikkelig nå, selv om det gjør vondt, istedet for å komme med stadig små kutt

[MartinL]

Huff, dette er ikke moro i det hele tatt, dessuten svært ufortjent ovenfor alle ansatte som har slitt seg gjennom nedskjæringer og store reduksjoner.

Jeg har stor respekt for alle lojale medarbeidere i SAS som står dette av, gang på gang!
Vi får håpe at dette er hva som får skuta til å snu og at vinden igjen drar i seilene!