India | UK | US

Saab jobs at risk in Sweden

Union officials expect up to 1,400 jobs to be cut at a Saab car plant in western Sweden, it was reported Saturday.
Posted : Sat, 21 Apr 2007 13:16:00 GMT
By : Business News Editor
Category : US (Business)
News Alerts by Email ( click here )
US Business News | Home
TROLLHATTEN, Sweden, April 21 Union officials expect up to 1,400 jobs to be cut at a Saab car plant in western Sweden, it was reported Saturday.

The jobs are to be cut at the Trollhatten plant, despite plans for that plant to build the new Astra, a car designed by Saab's parent company, General Motors, said union official Paul Akerlund.

"It's clear that there won't be any new jobs in the future, said Akerlund." We will produce the same number of cars as today ... but with fewer workers." Most of Saab's 4,000 workers are based at the Trollhatten plant, which is one of four plants tapped to begin building the new Astra after 2010, The Local said.

Throughout Europe, GM may cut up to 4,500 workers by 2010, said Peter Scherrer, who heads the European Metalworkers' Federation. Saab spokesman Christer Nilsson called those figures "theoretical" .

Copyright 2007 by UPI

Share/Save/Bookmark

Article : Saab jobs at risk in Sweden
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News

Wall Street stocks gain on optimism for US economy
New York - US stocks rose Wednesday after three separate reports offered signs that the US recovery is gaining steam. Consumer spending and new home sales rose more than expected in October, while weekly jobless claims dropped to their lowest rate si...

Washington Post shutters all US bureaus outside capital - Summary
Washington - The Washington Post will close its remaining domestic bureaus outside the US capital, the paper said Wednesday, in an attempt to cut costs in the prevailing economic climate. The daily said it would close bureaus in New York, Chicago and...

Washington Post shutters its remaining bureaus outside US capital
Washington - The Washington Post will close its remaining bureaus outside the US capital, the paper said Wednesday, in an attempt to cut costs in the prevailing economic climate. The daily said it would close bureaus in New York, Chicago and Los Ange...

FDIC: 'Problem' banks at 16-year high in US
Washington - The number of US banks in danger of collapse has risen to the highest level in 16 years, a government regulator reported Tuesday in a sign that the country's worst financial crisis in decades is still lingering. The Federal Deposit Insur...

American shoppers lace up racing shoes for Black Friday
Los Angeles - Up to 134 million Americans are expected to splash out with their cash when the holiday shopping season kicks off on traditional Black Friday. The National Retail Federation Tuesday said it anticipated that the easing recession will sen...

US stocks edge lower on revised growth figures
New York - US stocks fell slightly on Tuesday as government figures showed that last quarter's economic rebound was smaller than initially thought. The Commerce Department in an updated estimate said the economy grew at an annual rate of 2.8 per cent...

US economic rebound smaller than thought; Fed optimistic - Summary
Washington - The US economy's rebound from a deep recession was smaller than initially thought, according to new government figures Tuesday, while the Federal Reserve said it expects the country's recovery to pick up...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More US (Business) News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.