No bankruptcy petition from the union on Friday

Ttela.se reports

The union IF Metall will not ask for Saab Automobile to enter bankruptcy on Friday, leaving Victor Muller a few days to try to get funding.

“The longer we wait the longer it takes until the members get their insolvency. Just because we have the opportunity, we can not wait until the last day. But bankruptcy is a very big deal and requires reflection. Therefore I do not think we really will quickly come up with a bankruptcy filing,” said Darko Davidovic, Metall union lawyer, to di.se.

Now Victor Muller has a few more days to resolve the finance problems. However on Monday IF Metall management will decide whether a petition should be submitted by then or not.

Belfast_Saab
Member

A constructive and sensible decision by Metall in difficult circumstances for them and their members.

900 classic cab
Guest

well said

Carlo A
Member

yap, very different from the Unions in Italy, although it is slowly improving

turbokalle
Member
Jos
Member

Bloody annoying that you cannot translate directly by copyiung the RUL in Google, at least not with DI.se’s site. Is it allowed to copy paste a direct translation here of the whole article?? I guess not.
I particularly like the last paragraph….

But Saab’s start to end the pledge for a loan?
“You can compare the Saab with a farmer. They have sown, crops are growing up, but it has not reaped. Therefore, prospects are good. Jaguars were in the same vulnerable position for a few years ago. The company is now making a profit of 10 billion ‘.

Sadim
Member

But is this not just another reference being made to the Reuters Helsinki rumour http://saabsunited.saabklubben.se/2011/09/further-news-on-the-bridge-loan.html#comments ? Except that Lars Carlström has added his usual comment.

Wait until it gets confirmed by China Car Times before opening any bottles of champers.

Khrisdk
Member

Yes it is a re-run with a little added Lars C.
I’m still waiting patiently.

I’ll take Beer and Whiskey on any occation 😉

Pedro
Member

LOL re that beer and whiskey comment 😀

Sadim
Member

Beer and Whiskey…?

Which reminds me…..time to go home. Getting hungry and thirsty.

And to paraphrase the Sioux leader Crazy Horse, who shouted “Hóka-héy, today is a good day to die – I say: “Hóka-héy, today is a good day for a drink.”

hans h
Member

I agree! 🙂

Sadim
Member

Hans H…… Thanks! 🙂 I think it’s the first time I get THAT comment following a post on SU 😉

Jeff
Member

I like the mood change Sadim 🙂

Daniel B
Member

+1
Ardbeg & King Goblin for me please 😛

Kimberly
Member

I hope that Saab lets the ink dry before making announcements on this one. Announcing negotiations as finalized agreements can queer the whole deal.

Here’s to hoping Saab pulls through! 🙂

daniel
Member

turbokalle can you clarify as there are no Swed language funs:)))

turbokalle
Member

Well, basically Lars Carlström (VA:s spokesperson) adds weight behind the “rumour” about the SEK 1 billion bridge loan, and expects a statement from Saab very soon. He also says that Saab is working on several promising solutions.

Carlo A
Member

turbokalle, thanks ….

griffin up

Carlo A
Member

Is Victor Antonov still in the picture then ???

Carlo A
Member

I meant Vladimir 🙂

Jake
Member

Victor and Antonov in one person… Now THAT would be interesting!

golfhunter
Member

Saab has the chance to work with Unions made of gold and intelligence .

kochje
Member

+1

Kimberly
Member

Saab has the chance to work with Unions made of gold and intelligence .

No kidding. Were it here in the USA, unions would have pushed for bankruptcy long before now, cutting off their nose to spite their face.

zippy
Member

Never ever mess with a griffin when it is backed into a corner. It’ll fight anyone to the death rather than give up. 🙂

Go Saab!
Go SU!

Jake
Member

+several

Piet-Hein S.
Member

it would be interesting to hear how MarkoA would react on this

😉

katar1na
Member
I was happy to read that one of the Swedish taboids wrote: “Now there are no hope left for SAAB”. Happy, because then it has to come to a turning point! Not even a chance of a miracle left – nice! Then there can be miracles… Love this comment from Di.se, http://di.se/Artiklar/2011/9/1/244022/Miljard-pa-vag-till-Saab/ : Lars Carlström : “Man kan jämföra Saab med en jordbrukare. Man har sått, skörden växer upp, men man har inte skördat. Därför är förutsättningarna goda. Jaguar befann sig i samma utsatta läge för ett par år sedan. Företaget gör nu en vinst på 10 miljarder kronor.” “You… Read more »
hans h
Member

“We moved your mind.”

Indeed !! 🙂

KarlR
Member

Now im starting to get worried! No news monday is coming fast!! 🙁

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