Swissair parent SAirGroup and the Belgian government today postponed a decision on a USD$700 million rescue plan for Sabena. The carrier's co-owners will meet again February 23 to decide the future.

Meanwhile, Sabena will continue to operate normally and talks between unions and management will proceed on a restructuring plan that would cut some 700 jobs and introduce possible wage cuts and more worker flexibility.

SAirGroup and the government had set a deadline today for the unions to agree to the restructuring or face the prospect of closing one of Europe's oldest airlines which employs 12,000 people.
http://news.airwise.com/stories/2001/02/981659697.html