Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
SAS Technical Services announced it would proceed with local efficiency enhancement, cost reductions and further development of production units in Norway and Sweden in order to adapt to the market conditions. The company explained that medium-heavy and heavy aircraft maintenance was particularly subject to competition. The restructuring measures are part of the SAS Group's Turnaround 2005 program and involve a reduction of about 120 jobs for medium-heavy and heavy maintenance and about 80 jobs in line maintenance. The implementation of this plan is expected to be completed before the summer of 2006. SAS Technical Services is a company that is wholly owned by the SAS Group. Its operations comprise technical aircraft maintenance and logistics for approximately 250 aircraft. The number of employees totals 3,700 and the company has production bases at Stockholm Arlanda, Copenhagen Kastrup, Oslo Gardermoen, Stavanger Sola, Bergen, Gothenburg and Tallinn. Sales amount to approximately SEK 5 billion annually.
Eurofound (2005), SAS Technical Services, Internal restructuring in European Union, factsheet number 61861, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61861.
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