Tuesday 13 September 2011

Unions hold off bankruptcy action against Saab - Yahoo! News

Unions hold off bankruptcy action against Saab - Yahoo! News: "STOCKHOLM (AP) — Unions said Monday they will hold off bankruptcy action against Saab Automobile until an appeals court has reviewed the cash-strapped car maker's request for bankruptcy protection.
Saab intensified talks with Chinese investors over the weekend, hoping to acquire approval for a reconstruction from an appeals court, according to metal workers union IF Metall.
"We assume the appeals court will carefully consider and assess the statements that both Pang Da and Youngman have made that their interest and great investments in Saab are very serious," IF Metall chairman Stefan Lofven and the union's leader at the Saab plant, Hakan Skott, said in a joint statement."

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