Friday, September 16, 2011

Swedish union set to apply for Saab bankruptcy

Swedish labour union IF Metall, representing about 1,500 unpaid employees at troubled Swedish car maker Saab Automobile AB, said Friday it will file for Saab Automobile's bankruptcy if the Appeals Court hasn't granted the company protection from its creditors by Sept. 20 at the latest.

Read the rest of the article at MarketWatch

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