AMSTERDAM - struggling Swedish automaker Saab said on Tuesday, that it can pay almost half of its employees this month, because there has been no means expected revival had fears about its precarious finances.
Saab has finding means lurched out of a cash crisis to another in the last few months, so that it can restart production.
Assembly plant was halted in April, if suppliers refused to deliver until they were paid, and Saab only just out declared a demand after one of its units, parts be averted bankruptcy last week.
The company suffer deepened Tuesday when Saab said that it had delayed payment of wages to its employees employees because some were paid the funds committed by investors in a timely manner.
Saab spokesman Eric Geers said the decision affects about 1,600 people of 3,640 employees, around 45 per cent of the staff, but refused to say when they will be paid out or how much money still used Saab so that it could pay wages.
"The money has been committed, the only thing is, it has been delayed." This very, very unhappy is for those who are affected, "said Geers."
Shares in Saab were to fall as 20.8 percent before partially restore for trade to 11.6 percent 1.485 euros, the biggest Decliner on the Amsterdam stock exchange.
The company said it will take all necessary steps companies, to collect money and continue to get talks with several parties about additional short-term financing.
Copyright 2011 Thomson Reuters.
0 коммент.:
Post a Comment