SWEDEN: "No job losses," claims Youngman as Saab takeover MoU inked
Saab's proposed new co-owner, the automaker Youngman, said it did not envisage job cuts among the automaker's almost 4,000 workforce, as it inked a memorandum of understanding today (28 October) to acquire the Swedish automaker completely with fellow Chinese partner, vehicle distributor Pang Da.
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