Taken from theforeigner.no:
CAU was the last of eight unions to reach agreement with SAS, fifteen hours after the deadline for agreement was breached. This brought a meeting that had lasted all night to a close.
The first of the unions to reach agreement with management was the SAS Norway Kabinforening union, which signed at 1am Monday. The second Norwegian union, Norsk Kabinforening, reached agreement at 8am Monday.
Whilst some of the unions want to ask their members’ approval for the agreement, this is viewed as a technicality by union leaders.
The agreement means that SAS staff will work longer hours, with the working week extended from 44 hours to 47.5, and the working day extended to up to 13 hours.
Jens Lippestad, who led negotiations for the pilots, told NTB, “Pilots will be 30 per cent cheaper, because we will be earning less and working more.” According to Lippestad, pilots are giving up the equivalent of month’s salary.
Cabin staff appear to have been spared the salary cut, but have agreed to a rise in pensionable age to 65 years, as well as changes to working hours.
The demand for cuts to salaries and pensions come from the banks that have been keeping SAS afloat in recent months. The banks have also requested that SAS dispose of assets.
The company now believes it has met the conditions laid down by the banks and by the major shareholders in the company, the Norwegian, Swedish and Danish governments, as well as the Swedish Wallenberg foundation.
This guarantees a line of credit equivalent to 3.5 billion Swedish kroner until March 2015.