400 jobs in danger
The chaos at Swedish-based car manufacturer Saab has lead to serious problems for the company’s suppliers. IAC Group, one of Saab’s largest subcontractors is now warning that they might be forced to lay off up to 400 employees.
“At the moment we don’t make any money. Production is down, and it is base upon that fact that we make this decision,” IAC vice president Marcus Nyman, told Swedish Radio News.
IAC employs about 1 300 people and operates two large factories in Skara and Färgelanda, in central Sweden. For Saab the company mainly produces dashboards and other interior details.
Worst hit is the factory in Färgelanda, a city of only 1 800 people, where the number of employees will go from 400 to 220.
But Thursday’s decision from the Swedish Debt Office and Saab’s former owner General Motors could help the situation, according to IAC’s vice president Marcus Nyman.