Sad news for Saab today

Sad news for Saab today. Lets hope the business can come to some kind of agreement quickly for short term funding for the sake of its employees, who aren't getting paid.


Saab's owner, Swedish Automobile NV, formerly known as Spyker Cars NV, and Saab are still in discussions with various parties to obtain short-term funding, including the potential proceeds from a sale and lease-back of Saab's real estate, it said.

It just goes to show how volotile business can be and how as an employee you should ensure that you are protected and covered where possible for any given situation, whether that be through your employment contract or your Union.

For further details on this story see http://www.autoweek.com/article/20110623/CARNEWS/110629942

David Green, managing partner MTA Solicitors:

For advice on employment law issues please visit http://www.mtasolicitors.com/Services/Employment_Law/Default.aspx