Saab admits it cannot pay staff
Friday 24 June 2011
Factory staff at Saab were not paid as usual yesterday after the car-maker said it did not have the money to meet the commitments.
The company was meant to pay blue-collars workers yesterday, with the white-collar staff due to receive pay cheques on Monday. But Swedish Automobile – which was previously known as Spyker when it bought Saab last year, said it had "not yet obtained the necessary short-term funding".
The company added: "Swedish Automobile and Saab Automobile are in discussions with various parties to obtain short-term funding, including via the sale and leaseback of the real estate of Saab that was announced previously, and with their financiers in connection with current financing arrangements. These discussions are ongoing."
- 1 Malaysia Airlines MH17 crash: Pro-Russian rebel 'admits to shooting down plane'
- 3 Israel-Gaza conflict: The myth of Hamas’s human shields
- 5 Dutch paedophile club to fight their ban at the European Court of Human Rights
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
iJobs Money & Business
£350 - £400 per day: Orgtel: PMO Analyst - Banking - London - £350 -£400 per d...
£300 - £350 per day + competitive: Orgtel: Cost Reporting Manager - MI Packs -...
£35000 - £40000 Per Annum plus 23 days holiday and pension scheme: Clearwater ...
£475 - £525 per day: Orgtel: Test Lead, London, Investment Banking, Technical ...