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Saab's re-organization granted – Now the journey the redesign of a new Saab auto corporation will begin
Monday, 31 October 2011
Vänersborg court believes that reconstruction of Saab Automobile and subsidiaries Saab Power train and Saab Tools should continue.

The creditors who chose to speak during the meeting endorsed the re - organization proceeding. A number of contractors, Plastal, Autoliv, Semcon, Takata-Petri and IAC Group gave their support.

“The business plan looks robust out,” said Marcus Nyman, CEO of IAC Group Sweden.
500 jobs have to be eliminated from the company according to Saab's new business plan, as it is expected to save billion. By 2014, Saab will turn a profit, according to the same plan. The plan presented to creditors in the Vanersborg today, and reconstruction may now continue.

Redundancies will mainly concern the production staff as it relates to a planned rate reductions when production resumes.
By Scancomark.se Team

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