"Just go bust" suppliers tell Saab

The European Association of Automotive Suppliers has said that Saab should go into voluntary liquidation.

The boss of the Association said that it was "the only decent thing to do". Saab was unable to pay its wages last week, although a mysterious Chinese order for exactly 582 cars on Monday has given a very brief respite.
Lars Holmqvist added that, to survive, Saab would need to boost its production from 30,000 to at least 120,000 a year and it would need a cash injection of €1 billion. As that was not realistic, voluntary liquidation was a preferable option.

The main advantage of liquidations would be for the workers. They could then claim generous welfare benefits, especially a €20,000 payment per person to bridge the gap until employees could find new jobs.
Read Full Story