Saab has paid its workers wages this on time


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Monday, 25 July 2011
Saab’s workers’ salaries have come in as it supposed to announce by Hakan Scotland, head of the union, IF Metall at Saab in Trollhattan, on Monday morning.

Late last June Saab automobile could not pay its workers as such salaries delayed several days after the company.

According to various news sources in Sweden, Saab management is in advanced negotiations with conventional banks to borrow the money needed to redeem the loan with the European Investment Bank (EIB). This would relax the barrier that has made it hard for getting the Russian financier Vladimir Antonov as a partner to the company.

So this is not about money to get operation started again but money to cut their ties with the EIB. The EIB has resisted calls for the approved of Antonov as part owner of Saab.

The security for the loan in the normal banks usual banks will include efficient Saab’s subsidiaries, such as the spare parts companies.
By Team

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