Saab Could Go Bankrupt This Week, Union Warns
Its main plant has been closed since April
By Kevin Spak,  Newser Staff
Posted Aug 29, 2011 11:10 AM CDT
Logos are seen at the booth of Saab car maker on March 1, 2011 at Geneva motor show in Geneva.   (Getty Images)

(Newser) – Saab has until Friday to pay its workers—or else. This is the third straight month that the Swedish automaker has failed to pay its workers on time, and last Friday IF Metall put in a request for wages for 1,486 of its blue-collar workers who were due to be paid the day prior and weren't, the Wall Street Journal reports. If Saab doesn’t pony up in seven days, the union can file bankruptcy for it.

The company's roughly 1,000 white collar workers intend to send a similar request tomorrow, and Saab doesn’t sound hopeful that it'll meet its deadlines. “Our ambition is to pay the wages,” a spokeswoman said, “but we don't have a financial solution in place at this time.”
 

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