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.

Wednesday, August 24, 2011

Unions likely to push for bankruptcy in case of no wage payments

According to Bloomberg, two of the unions at Saab have said that they are likely to file for bankruptcy in Saab in about two weeks unless wages have been paid.

The two unions IF Metall and Unionen say that they will first file a payment request and give Saab seven days to pay. If wages have not been paid by then, the unions may push for a bankruptcy in Saab.

"We must start the process, as there's no alternative to our moving to protect our members' wages," Veli-Pekka Saikkala, head of salary negotiations at IF Metall, tld Bloomberg. "Later, if we don't see a solution, we'll likely be forced to act."

"We haven't decided if we would file for bankruptcy but that would be a natural part of the process," Anette Hellgren, Unionen's representative at Saab, said to Bloomberg. "We're taking one day at a time and are still hopeful it won't come to that."

Eric Geers, Executive Director of Communication at Saab, said "we are doing everything we can to prevent salaries being paid late this time, but there's still a risk that will happen. Paying the salaries is our No. 1 priority, and our second priority is to restart production."