Cimber Sterling Group
Cimber Sterling adapts organisation to new strategic direction

Cimber Sterling Group 

18.04.2012 09:00

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                                                   Announcement no. 49 - 2011/12
                                                                   18 April 2012

                                                                                

Since our announcement of a new strategic direction on 14 December, Cimber
Sterling has worked to adapt the organisation to the new core business. 

Going forward, our future core business will be domestic traffic in Denmark and
Sweden as well as regional traffic, first to and from Scandinavia, and in the
longer term in all of northern Europe. Our ambition is to become the leading
regional airline of the Nordic region which, alone, and together with others,
gives customers a coherent Nordic infrastructure in the air. 

We intend to simplify our business by, among other things, harmonising and
streamlining our fleet, and as stated in announcement no. 39 of 2011/12 we are
moving from our current three types of aircraft in Cimber Sterling to only two
going forward. We have started phasing out our Boeing aircraft, which we expect
to complete over the next six months or so. 

We are therefore going to reduce our staff by approximately 200 out of our
approximately 890 employees at Cimber Sterling during the period until the end
of October 2012. We have started negotiations with the affected employee
organisations through the works council. 

It is not expected that the staff reduction will have any impact on our
guidance for 2011/2012. 



For additional information, please see the attached or contact:

Jan Palmér, CEO
Tel.: +45 60 29 26 26
E-mail: ir@cimber.dk
News Source: NASDAQ OMX



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Language:     English
Company:      Cimber Sterling Group
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0060196848
WKN:          
 
End of Announcement                             DGAP News-Service
 
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