NORWAY: BRAATHENS EMPLOYEES PREFER SEVERANCE PACKAGE TO SAS JOB.(Brief Article)(Statistical Data Included)

IPR Strategic Business Information Database, September, 2002

SAS has taken over far fewer of the surplus Braathens employees than it had envisaged. The final figures show that 1,020 employees have chosen to accept the offer of a severance package worth between three and 15 months' salary. This is well over twice as many as Braathens had expected when it made its severance package offer, which was intended to prevent the necessity of redundancies.

This could mean that Braathens will have to fork out more than the approx. NOK 200 million, which was set-aside for this purpose. (Source: Odin.dep.no)