Saab unions demand answers from CEO
Published: 10 Aug 11 09:59 CET | Print version
Online: http://www.thelocal.se/35450/20110810/
Saab CEO and sole director, Victor Muller, will meet Wednesday with representatives of the four unions at its factory in Trollhättan in western Sweden, who are seeking answers as to how the company will ensure that wages are paid.
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A further issue on the agenda is when factory lines will begin rolling again, and when suppliers will receive their outstanding cash.
"The main issue is the short-term funding," said Per Bränneby, shop steward for the Association of University Graduates/Graduate Engineers, one of the groups set to be included in the meeting with trade union colleagues from the metalworker's union IF Metall, Unionen and Ledarna.
Aside from Muller, personnel director Johan Formgren is expected to attend.
Almost three months have passed since Muller held a big meeting of all employees in which he apologized and promised that they would not have to be involved in further turmoil.
But since then if anything, matters have got worse.
Money received as advance payments from China, new share issues and loans have not convinced their suppliers to restart deliveries. The Trollhättan plant has now been idle for over four months and according to Saab, it will restart on August 29th at the earliest.
The Swedish Enforcement Authority has threatened to instigate recovery proceedings next week to seek payment for unpaid debts to suppliers.
Per Bränneby however remains optimistic about the future.
"We know they're working really hard on a solution and I have confidence that it will resolve itself," he said.
He was reluctant to give his assessment of how Muller has managed Saab, but he noted that Muller's dual roles as both CEO and chairman are not good in the long run.
"He is an entrepreneur and an ideas man, but I hope we can find a new CEO," says Per Bränneby.
What do you think? Leave your comment below.
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And i bet you a million dollars the same sniveling bs gonna be repeated when the euro dies a slow and painfull death. Dead is dead. Accept it.
USA investor meetings are just meetings, any good US investor would have brains not to invest in SAAB. There are better options for there so called Dollars
Next week paperwork is underway for at least 6 suppliers to Bankrupt SAAB for non paymment of manpower.
Its all very jovial that tonight Bulters is booming in Trollhattan has been paid. But look at this as very temp situation All were again , for this week in high spirits for SAAB great future, any with any skills or brains would look for another job ASAP
Muller is just a Showman Front man and should never be trusted, ask the DUTCH.
SAAB will be finished easily in the next few months say dead 2012.