Almost all Saab‘s 3,600-strong workforce is currently meeting with CEO Victor Muller at the automaker’s Trollhättan factory following today’s (7 September) decision to apply for voluntary reorganisation.
The mass meeting follows an earlier series of briefings to Saab’s production staff who were called in at 07:00 Swedish local to be updated by managers on the situation that could see overdue wages paid for August and possibly those of two months ahead.
However, any salary payment is dependent on the Vanersborg District Court agreeing to the reconstruction, failing which Saab’s main unions could still apply for the automaker to be put into bankruptcy.
“The employees were asked to come in at 07:00 this morning…and at 08:45 we informed all employees through electronic means and verbal explanations what was going on,” a Saab spokeswoman in Sweden told just-auto. “There will also be an employee meeting where Victor Muller will address employees.”
Should the Court agree to Saab’s request, State financial guarantees could see its workforce at least secure August wages, if not those of two months ahead, a move that should at least placate some sections of its staff.
“We have not heard of any very negative reactions,” said the spokeswoman. “The Swedish wage guarantee kicks in and I believe the August wages will be paid within a few days, it happens quite quickly.”
Any possible wage payment is subject to a maximum amount however, although it could cover staff for the next few months as well. Money would be paid out month by month.
“We want to be expedient in this reorganisation and the idea is it should take place within three months,” said the spokeswoman. “That could be extended for another three months. It is a period of reassurance, stability and gives us some time to secure financing we need until the Chinese come on board.”
The spokeswoman said Saab had been in contact with its unions, who are present at the meeting with Muller.