Saab has issued a statement, saying it was was unable to pay salaried white-collar employees
27 July 2011

Saab has failed to pay almost half of its workforce this month, sparking fresh fears about the brand’s future.

A statement issued by Swedish Automobile NV (Swan), Saab Automobile’s Dutch parent company, said the beleaguered car maker was unable to pay salaried white-collar employees because some funds due to come from investors were not paid in time.

Some 1600 of Saab’s 3600 workforce are believed to be affected, although Saab has not revealed how much money it is waiting for from the investors.

The statement from Swan continued: “Saab Automobile is taking all necessary actions to collect these funds and continues discussions with various parties to obtain additional short-term funding so that the payments can be made.”

Saab has endured a difficult period as its owners try to reverse its worsening financial fortunes. Last month it was only able to pay its employees following a 13 million euro (£11.5m) order for more than 500 cars from China.

The latest development comes just a day after the firm axed plans to restart car production at its Trollhattan plant next month due to parts supply issues.Read about Saab's delayed production restart

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