Saab delays payments to employees, is the near end?

The Saab saga continues as the company has confirmed plans to delay payments to white-collar employees because "funds that were committed by investors were not paid in time."

This obviously has to be a blow to morale - assuming any is left - and could indicate that investors are becoming alarmed about the company's financial crisis. However, Saab said they are "taking all necessary actions to collect these funds and continues discussions with various parties to obtain additional short-term funding so that the payments can be made."

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Automaker Saab
Article type Corporate/Financial
Tags saab bankruptcy, saab employees, saab production, saab sale, saab workers