Thursday, August 25, 2011

Saab Worker's Unions May Force Company into Bankruptcy State

Apparently, it’s not just suppliers who are demanding to either be paid by cash-strapped Saab or seize its assets. IF Metall and Unionen, the two biggest worker unions of Saab Automobile, have stated they will most likely request a court order to put the company into bankruptcy, unless their wages are paid within the next two weeks.

Saab is scheduled to pay its workers on Friday, August 26, however the company announced on Tuesday that payments may be delayed since the funds that it had supposedly secured are not yet available.

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