|Chennai||Rs. 25020.00 (0.81%)|
|Mumbai||Rs. 25890.00 (0.98%)|
|Delhi||Rs. 25200.00 (-0.2%)|
|Kolkata||Rs. 25480.00 (1.03%)|
|Kerala||Rs. 24800.00 (0.61%)|
|Bangalore||Rs. 25000.00 (0.81%)|
|Hyderabad||Rs. 25080.00 (1.09%)|
: Scandinavia's flagship airline SAS averted imminent bankruptcy after all eight unions signed new collective agreements that will see jobs, salaries and pensions cut.
PULLING OUT OF A DIVE: Without the unions' green light, SAS, which is half-owned by the governments of Sweden, Norway and Denmark, would have seen its credit line cut this week — effectively making the company insolvent.
DEEPER CUTS: The restructuring plan aims to cut costs by $3 billion kronor ($440 million) annually. It proposes slashing 800 administrative positions and eventually reducing staff numbers from 15,000 to 9,000.