Saab may have to cut jobs as part of a swift cost-cutting plan to be implemented
22 September 2011

Saab may have to cut jobs as part of a swift cost-cutting plan to be implemented before the end of the year. Victor Muller, CEO of the trouble Swedish firm, said Saab “had won a battle, but not the war” after it successfully appealed against a Swedish court ruling that had prevented it from bankruptcy protection against creditors. Read more about that story here.

Saab’s short-term restructuring plan will include streamlining its activities, simplifying its organisational structure and shortening lead times. The firm added “headcount reductions cannot be ruled out”.

The original court ruling had looked like scuppering crucial investment in Saab from Chinese firms Youngman and Pang Da, but these deals are now back on a final decision will be announced by Chinese authorities in November.

Saab has yet to confirm a date that it will restart production having not built a car since April.

See all the latest Saab reviews, news and video

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • First Drive
    23 March 2018
    Fully-loaded, big-hitting diesel CLS shows the potential perils of ticking too many options boxes on your order form. A good car with a bad suspension combination.
  • BMW M5
    First Drive
    22 March 2018
    Super saloon deploys four-wheel drive to improve every facet of its driving experience. Faster and more capable than any, and more exciting than most, of its celebrated predecessors
  • Range Rover Sport SVR
    First Drive
    22 March 2018
    More power and an intoxicating soundtrack have breathed new life into our love affair with the biggest, baddest Range Rover Sport variant
  • First Drive
    21 March 2018
    The new Vantage has been developed as a Porsche 911 beater, and our first taste on UK roads suggests it can live up to that bold claim
  • Nissan Leaf Tekna
    The is the new Nissan Leaf
    First Drive
    21 March 2018
    The new version of the world's best-selling electric car gains a bigger battery and more power. How does it compare to rivals such as the Volkswagen e-Golf?