Swedish car maker restructures in preparation for sell-off
12 March 2009

Saab is to cut around a fifth of the workforce from its Swedish base to reduce costs and make it more attractive to potential buyers.

The company has given notice to 750 employees at its Trollhattan plant in south-west Sweden. An estimated 4100 people work at the site.

“These notices are a direct consequence of the recession and the global economic downturn,” said a Saab spokesman.

Parent company General Motors is currently looking to sell Saab, which was granted creditor protection last month so that it can reorganise itself and come up with a credible plan for its future.

A Saab spokesman claimed that between six and eight companies had expressed an interest in buying the company, adding that Deutsche Bank has been hired to find more potential bidders.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Lexus LC500
    Car review
    20 October 2017
    Futuristic Lexus LC coupé mixes the latest technology with an old-school atmospheric V8
  • Maserati Levante S GranSport
    First Drive
    20 October 2017
    Get ready to trade in your diesels: Maserati’s luxury SUV finally gets the engine it’s always needed
  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK