Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Saab crisis a "national concern"

Share this article

16:54 CEST+02:00
The fate of Saab's plant in Trollhättan, which faces possible shutdown, is a matter of national concern, said Peter Augustsson, chairman and president of Saab Automobile, this week.

"I don't share the view that this is a fight between Trollhättan and Rüsselsheim or between Sweden and Germany. In reality this issue is much bigger: it is essentially an issue on where industrial production must be driven - in Western Europe or in Asia," said Augustsson.

"Sweden is the country in the world that is most dependent on its automobile industry. We rely more on the industry than the USA, Germany or Japan," he continued, adding that this is why the crisis at the company is a matter of national concern.

"A lot of our investments in production, training and infrastructure have been on the automobile industry, so much so that it would be devastating if it can't even be profitable in the long term."

Total silence on industrial espionage case

Neither Ericsson nor the Ministry for Foreign Affairs yesterday wanted to comment on the industrial espionage investigation being kept under wraps by prosecutor Tomas Lindstrand, according to SvD. On Monday the Stockholm City Court ordered the detention of a Hungarian man suspected of industrial espionage.

The man, who is not a resident of Sweden, is alleged to have collected company secrets and sold them on during the period October 2002 until July this year.

This developed as the Swedish Security Service (Säpo) warns Swedish companies against an increased risk of corporate spying, reports DI.

Migrant labour exploited at steelworks

A new wage scandal with foreign workers in Sweden performing jobs under poor conditions has been exposed by the Metal Workers Union (Metall) in Norrbotten. A total of 24 Slovenian workers dismantling Inexa Profilers plant at the steelworks in Luleå haven't received a single öre since August 16. Metall representatives in the area are now calling for a blockade at the plant until the wages are paid.

Real estate broker - the new dream job?

Applications for licenses and registration in the real estate agency business have risen by nearly 50 per cent this year, according to figures obtained by DN. This is worrying the real estate brokers committee, which fears it won't have enough time to investigate the industry.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri

Supplied by BECK TRANSLATIONS.

With an experienced team of in-house translators, Beck specialises in translating from Swedish into English in such areas as finance and economics, marketing and advertising, biotechnology, the environment, quality, and personnel & administration.

Get notified about breaking news on The Local

Share this article

Advertisement
Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement