SWEDEN: Saab denies then confirms 20% job cut claim - report
After denying a claim in the Financial Times Deutschland that it would axe 20% of its workforce, Saab on Wednesday confirmed the cuts. According to Reuters, the General Motors unit said that it planned to cut 20% of its workforce, or about 1,300 jobs, in an overhaul aimed at improving the Swedish car maker's financial situation from 2003.
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