IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Saturday, August 6, 2011

Pang Da and Saab to meet this weekend

TTELA reports that Pang Da will meet the management of Saab in Stockholm this weekend. The meeting is believed to be a continuation of the process where the Chinese company takes a 24 percent stake in Saab.

"Pang Da and Saab will meet over the weekend, but I can not go into details about what will be discussed", said  Eric Geers, Saab's Executive Director of Communication, who added that they do not plan to visit the manufacturing plant in Trollhättan.

At the moment the most important issue for Saab is of course the short-term survival. In only a few weeks time the wages for August is due. Now the white-collar workers' union wants insight into the short-term plan. They are of course worried about future wages.

“We want to see a plan for Saab to survive in the short term,” said union General Counsel Martin Wästfelt in a statement.

One important point is the fact that unpaid wages is actually a breach of contract between the employer and employee which means that the employee can leave without notice period. But due to the great loyalty and pride of the Saab employees, they stick with their company. Kudos to the employees!