Trollhättan, Sweden: Swedish Automobile N.V. (Swan) and Saab Automobile AB (Saab Automobile) confirm that Swedish unions Unionen and Ledarna filed for bankruptcy of Saab Automobile. The court has received the filing, but has not yet rendered a judgment which could take a few weeks.
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This was expected as it’s the Union’s job to protect the employees and try to get their wages paid. Hopefully, Saab can pay the wages before a court orders it into insolvency.