Cars
When it comes to Saab, it seems that for every dollop of good news that trickles out from Sweden there are multiple bad news.
- Saab Receives First Part Of Youngman Loan, Expects The Rest By October 22
Another day, another episode in the Saab rescue saga. Fortunately for the company's workers, the news is good this time. Swedish Automobile N.V., the owner of Saab, announced on Thursday that it has received the first payment of a €70 million...
- Saab Worker's Unions May Force Company Into Bankruptcy State
Apparently, it’s not just suppliers who are demanding to either be paid by cash-strapped Saab or seize its assets. IF Metall and Unionen, the two biggest worker unions of Saab Automobile, have stated they will most likely request a court order...
- Volvo Completes Union Talks, 4,616 Job Cuts Worldwide
Ford's Volvo Cars unit which is being prepared for sale by the American automaker, has completed talks with its union representatives. Altogether, 2,721 employees in Sweden will leave the company of which, 2,367 are blue collar workers and 354 white...
- Volvo To Lay Off 2,000 Employees
Ford Motor Company’s Volvo Cars unit is planning to cut 2,000 jobs as part of a cost reduction programme which is estimated to reduce the total cost level by 4 billion SEK (approx. $700 million USD). The Swedish company said that it will lay off...
- Porsche Employees To Receive €5,200 Bonus
Now here’s a company that likes to share its profits with its people. And we’re not talking about a handful of white-collar workers but about thousands of employees. The Stuttgart-based company, which is considered as the world's most...
Cars
Saab Delays Payments to White-Collar Employees
When it comes to Saab, it seems that for every dollop of good news that trickles out from Sweden there are multiple bad news.
On Tuesday, the cash-strapped Swedish automaker said that its white-collar workers will not receive their next payment (at least not on time) because the company has not yet been paid by its investors.
Read more »- Saab Receives First Part Of Youngman Loan, Expects The Rest By October 22
Another day, another episode in the Saab rescue saga. Fortunately for the company's workers, the news is good this time. Swedish Automobile N.V., the owner of Saab, announced on Thursday that it has received the first payment of a €70 million...
- Saab Worker's Unions May Force Company Into Bankruptcy State
Apparently, it’s not just suppliers who are demanding to either be paid by cash-strapped Saab or seize its assets. IF Metall and Unionen, the two biggest worker unions of Saab Automobile, have stated they will most likely request a court order...
- Volvo Completes Union Talks, 4,616 Job Cuts Worldwide
Ford's Volvo Cars unit which is being prepared for sale by the American automaker, has completed talks with its union representatives. Altogether, 2,721 employees in Sweden will leave the company of which, 2,367 are blue collar workers and 354 white...
- Volvo To Lay Off 2,000 Employees
Ford Motor Company’s Volvo Cars unit is planning to cut 2,000 jobs as part of a cost reduction programme which is estimated to reduce the total cost level by 4 billion SEK (approx. $700 million USD). The Swedish company said that it will lay off...
- Porsche Employees To Receive €5,200 Bonus
Now here’s a company that likes to share its profits with its people. And we’re not talking about a handful of white-collar workers but about thousands of employees. The Stuttgart-based company, which is considered as the world's most...