Swedish automaker Saab , fully owned – at least for now – by General Motors, says it has been forced to lay off 750 workers, mostly at its Trollhattan, Sweden, assembly plant, due to diminished demand for its products. Saab, which went into bankruptcy protection from creditors last month, has been up for sale for several months.
The latest move doesn’t come as a major surprise given recent production stoppages in Trollhattan. The automaker didn’t confirm just where all of the employees who were laid off worked, but Swedish news agency TT reports that most of the layoffs occurred at the assembly plant. Saab builds sedan and wagon variants of its 9-3 and 9-5 in Trollhattan.
Neither GM or the Swedish government seems to be willing to give the ailing automaker the funds it says it needs to survive, meaning that Saab ’s outlook is cloudy at best.
