Union and reconstruction snippets

Some very quick snippets:

The courts have started processing Saab’s appeal. First they will grant a permission to trial the case. This is expected in a few days.

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Meanwhile, various lawyers are commenting on the strength of Saab’s appeal.

TTela reports Lawyers say Saab has a point:

The judgement (in the first court) should happen quickly based on limited amount of information. It is certainly more challenging to judge an entity of this size, but the law makes no distinction between a multi-billion corporation with thousands of employees or a company with a one million turnover with few employees.

— Bengt Jonasson, lawyer at Hammar

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While visiting Saab yesterday, Tim and I found ourselves outside the conference room next to the reception area. We did not know it at the time, but a meeting took place between local union representatives and representatives of the centrally located union boards.

TTela today features a story about the kerfuffle that took place. Many of the local members feel the bankruptcy application was rushed, and some of them have pulled their own requests as a result. One of the points raised is that the members wanted all the unions to file together. IF Metall and the engineers still have not filed any papers.

We have hinted in the past that the majority of Saab’s employees’ (as well as the local clubs’ leaders) loyalty rests firmly with Saab. The unions are aware of this, but this time they have perhaps overplayed their hands a bit?

Given that Hovrätten (“the royal court”) has started processing Saab’s appeal now, it looks as if the reconstruction will be granted before the bankruptcy proceedings take place, so hopefully the unions’ actions will not cause a dramatic result.

Grumpy
Member
5 years 15 days ago

Looks like the court will decide on wheather or not to allow the appeal earliest on Friday.

Apparently the nail biting continues

Grumpy
Member
5 years 15 days ago

whether…obviously

phermansson
Member
5 years 15 days ago

Does any of us have any nails left? I don’t, at least easy reachable, and it’s hard to bite my other ten nails…

katar1na
Member
5 years 15 days ago

Nope – no nails left – not even on my toes 🙁
And my stomach is aching too…

Henrik B.
Member
5 years 15 days ago

It seems that the unions in Sweden – as well as in Denmark – has outplayed their role on the labouring market!
Today they’re more about Mahogonydesks, bras namnsigns, power, summerresidensies and so on…

Cheers!

Khrisdk
Member
5 years 15 days ago

That part I would never bet on 😉

Aerobic
Member
5 years 15 days ago

If the UK financial press say Saab is dying, it must be! 😉

And they know what they are talking about too, as they speak with authority!

“A volume carmaker (even one making premium models) needs to produce 200,000 a year to survive.”

(I think they meant “sell”, not “produce” though!! 🙂 ”

http://www.economist.com/blogs/schumpeter/2011/09/saabs-sad-saga

Tripod
Member
5 years 15 days ago
I agree that their appeal is much stronger than the first one, and that is of course no surprise. It has been commented earlier last week, but still, it seemed like the District Court demanded more information than needed by the law. And that came as a surprise; even more remarkable were some of the court’s comments about matters they are not qualified to judge. They are supposed to make a quick decision based on limited information, that’s what the law says, as the lawyer mentioned in the article. It was quick, but the court also tried to assess matters… Read more »
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