More than 1,600 white-collar employees of Saab, the troubled Swedish carmaker, have been paid overdue salaries, a trade union official said on Friday. Last week, Saab warned that some of its 3,700-strong workforce would not be paid on time, blaming the lack of expected funds from investors.Swedish Automobile, Saab\'s parent company, has been seeking fresh cash since March to secure the carmaker\'s future through real estate deals and by entering into an agreement with Chinese distributors.The iconic Swedish brand was saved at the last minute in early 2010 when it was bought by small Dutch firm Spyker -- now known as Swedish Automobile -- from US giant GM. The new owner had big ambitions for Saab but the carmaker has since then lurched from one cash crisis to another.
GMT 17:13 2017 Tuesday ,19 December
GPIC outstanding staff honouredGMT 05:42 2017 Monday ,18 December
French aerospace giant Thales acquires SIM maker GemaltoGMT 11:23 2017 Saturday ,16 December
Euro zone businesses to start 2018 on near seven-year highGMT 12:19 2017 Thursday ,14 December
Zara owner Inditex profits up on strong salesGMT 16:40 2017 Tuesday ,12 December
BAS employs 95% Bahraini staffGMT 13:36 2017 Tuesday ,12 December
Airbus to pay compensation to 2007 Brazil crash victimsGMT 09:23 2017 Monday ,11 December
Two Lafarge bosses charged over jihadist fundingGMT 06:09 2017 Saturday ,09 December
Germany's BASF agrees oil merger with Russian tycoon's firmMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©