Saab says it will delay payment to white-collar workers once again

Swedish Automobile N.V. announced this week that Saab Automobile has delayed payment of the wages once again to its white-collar employees “as some of the funds that were committed by investors were not paid in time to effect such salary payments.”

“Saab Automobile is 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,” Swedish Automobile said in a statement.

Saab spokesman Eric Geers said the decision affects about 1,600 people out of 3,640 employees, around 45 percent of its staff.

– By: Omar Rana

Source: Saab, MSNBC