SWEDEN: Majority of Saab staff stay despite major shutdown
Saab's major union says most of the troubled automaker's staff have elected to stay despite the massive uncertainty that continues to surround the manufacturer.
The carmaker employs around 4,000 people based at its Trollhattan factory in west Sweden, but the site was again shut today (22 June) and will remain so until at least next week as Saab searches for a financial solution to secure its future.
"People really like their jobs in the institution - most of them have stayed," IF Metall union research officer Aleksander Zuza told just-auto from Sweden.
"It is not easy to find a factory job in Sweden - people don't want to just move to other cities - you would find the same with white collar workers," he said. "Everybody has to take their own decisions - they believe in the company - they have for a while."
The Scandinavian automotive suppliers body FKG yesterday (21 June) told just-auto up to 700 of its members had received letters from Saab offering to pay 10% of debt owed although it is not yet known if that has been accepted.
"They are trying to solve the situation with liquidity to find a solution with suppliers," said Zuza. "It is more stop than start for the last couple of weeks."
Should Saab's suppliers agree to the 10% offer, the deal would see an initial payment made with the balance settled in mid September.
FKG also said there could be conditions attached to later business with Saab, where suppliers would operate on a cash on delivery basis.