Wednesday Evening Business Snippets

Bad news first: 99 employees sacked from Lear. As notified in May, 99 employees are now let go from Lear. Lear is the supplier of seats to Saab.

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Other news services are picking up rumors that Saab are in the process of receiving a bridge loan from a major European bank.

Saab near loan to avoid bankruptcy reports Financial Post:

With the new financing Saab aims to pay suppliers and then restart production in a few weeks, the people said.

No official comment from Saab yet.

Thanks Stefan H and John for the tip

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