SWITZERLAND: Saab sees break-even in 2004
Saab aims to break even next year with the help of a job-cutting restructuring plan announced in November last year, the head of the Swedish car maker told Reuters at the Geneva motor show. Saab chief Peter Augustsson told the news agency that the restructuring, which includes cutting 1,400 jobs, mostly in Sweden, will trim Saab's breakeven point to an annual vehicle sales level of 130,000 to 140,000 cars, which Saab should be able to hit next year.
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