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NEVS announces 200 layoffs as it says Saab restart will 'take time'
Sep 26, 2014 - 7:29 PM - by Saab Forums
Filed under: Sedan ([url]http://www.autoblog.com/category/sedans/[/url]), Europe ([url]http://www.autoblog.com/category/euro/[/url]), Hirings/Firings/Layoffs ([url]http://www.autoblog.com/category/hirings-firings/[/url]), Plants/Manufacturing ([url]http://www.autoblog.com/category/plants-manufacturing/[/url]), Saab ([url]http://www.autoblog.com/saab/[/url]), Electric ([url]http://www.autoblog.com/category/electric/[/url])

([url]http://www.reuters.com/article/2014/09/24/idUSL6N0RP3RA20140924[/url])

For a fleeting moment a few weeks ago, the news from Saab ([url]http://www.autoblog.com/saab/)-owner[/url] National Electric Vehicle Sweden ([url]http://www.autoblog.com/tag/nevs/[/url]) appeared almost positive. The company had its reorganization plan approved ([url]http://www.autoblog.com/2014/08/29/saab-nevs-reorganization-plan-approved/[/url]) (a day after it was denied ([url]http://www.autoblog.com/2014/08/28/saab-owner-nevs-denied-creditor-protection-swedish-court/[/url])), and the automaker was actually showing a real, running vehicle ([url]http://green.autoblog.com/2014/08/22/nevs-saab-ev-prototype-on-display-with-top-speed-of-just-75-mph/[/url]), albeit one with a top speed of 75 miles per hour. But those tiny crumbs of potential goodness have been swept away because NEVS has announced layoffs of as many as 200 factory employees in September "due to lack of work."

Workers probably shouldn't get too eager to return to the factory either, because company's "decision to re-start production will be further delayed" by an unspecified amount of time, NEVS says in a press release. To begin assembling cars again, the company needs to find long-term funding and a new majority owner. Those seem like two very steep hurdles for the embattled automaker to clear.

Despite not producing cars since May, NEVS still claims it's negotiating with a new owner, possibly Mahindra ([url]http://www.autoblog.com/2014/06/17/mahindra-buying-nevs-saab-stake/[/url]), but according to Reuters, the Swedish company owes about 400 million kronor ($56 million) to creditors ([url]http://www.reuters.com/article/2014/09/24/idUSL6N0RP3RA20140924[/url]). According to its layoff announcement, getting rid of these workers is one step in the business' reorganization plan to be presented on October 8. Scroll down ([url]http://saabforum.org/2014/09/26/nevs-saab-layoffs-official/#continued[/url]) to read its full release.Continue reading NEVS announces 200 layoffs as it says Saab restart will 'take time' ([url]http://www.autoblog.com/2014/09/26/nevs-saab-layoffs-official/[/url])

NEVS announces 200 layoffs as it says Saab restart will... [Read More]
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