However, while the restructuring is going on, the subcontractors can’t claim their money, and will have to wait for payment until the process is completed, according to news agency TT.
The planned reorganisation of the company would be achieved over a period of 3 months, and will need financial subsidies in order to succeed, according to a press release issued by General Motors. Saab will continue business as usual during the process.
Minister for Enterprise and Energy, Maud Olofsson, said to TT on Friday morning that the move by Saab was expected, as General Motors isn’t providing any more support. The Swedish government rejected General Motors’ plea for financial help earlier this week.