Business Services Industry
NORWAY: MINISTER DEMANDS EXPLANATION FROM SAS CHAIRMAN.(Ansgar Gabrielsen, Egil Myklebust)(Brief Article)
IPR Strategic Business Information Database, May, 2003
Trade and Industry Minister Ansgar Gabrielsen is to demand an explanation from SAS chairman Egil Myklebust, following yesterday's decision by the airline to designate Arlanda in Sweden as its technical headquarters. 417 jobs at Gardermoen will disappear as a result. Mr. Gabrielsen, who has recently received several delegations of SAS employees, wants to make sure that Norway's interests in SAS are being taken care of in accordance with the SAS ownership agreement between Sweden, Denmark and Norway.
Mr. Gabrielsen can expect opposition if he chooses to intervene in the strategic choices made by SAS's management. The airline is in crisis, and it is expected that chief executive Jorgen Lindegaard will today announce first quarter losses of over NOK 1 billion....
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