Scandinavian airline SAS hints at laying off half of its workforce

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Scandinavian airline SAS has said that it could reduce about half its workforce as it struggles to survive the coronavirus outbreak, Reuters reported.

In a statement, SAS said that it expected limited activity during the key summer season and could cut up to 5,000 full-time positions.

SAS CEO Rickard Gustafson said demand would probably be substantially lower this year and in 2021, while more normal levels could be reached in 2022.

“That's the scenario we are working towards, and it's the best estimate we can give,” he told Reuters.

“It will take time before the world opens up and people feel confident to get out there and travel again.”

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