UPDATE 1-NORDIC STOCKS - Factors to watch on June 23

HELSINKI, June 23 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:

SAS (SAS.ST) (SAS.CO) (SASNOK.OL)

The Scandinavian airline must carry out reductions of staff costs earlier than planned due to the weaker economy and will begin talks with labour unions shortly, business daily Dagens Industri reported, citing SAS CEO Mats Jansson.

"It could mean savings related to wages, per diems, pensions, working hours and by cutting the work force. The most important is not how get there but that we do it," he was quoted as saying. "We are in a hurry. This is not something that can wait until after the vacations."

"My vision for the coming two years is survival," he added.

Jansson also said that a sale of SAS' Eurobonus scheme, while not essential for the survival of the company, would strengthen the airline.

For more on the company, double click on [SAS.ST]

DANSKE BANK (DANSKE.CO), NORDEA (NDA.ST)

Denmark's main opposition party, the Social Democrats, are calling for more financial sector intervention, preventing banks from controlling mortgage lenders or real-estate agents, Berlingske Tidende reported.

For more on the company, double-click [DANSKE.CO] or [NDA.ST]

RENEWABLE ENERGY CORP (REC.OL)

The Norwegian solar material supplier raised 4.5 billion Norwegian crowns ($695.1 million) in a rights issue on Tuesday. It said it issued 170.45 million new shares at 26.50 crowns each, a discount of 50 percent from Monday's closing price at 53 crowns.

The issue is part of REC's 7.5-8.5 billion crown debt and equity refinancing plan.