National Electric Vehicle Sweden (Nevs AB), the holding company that acquired the assets of Saab Automobile in 2012, announced Wednesday that it will reduce its workforce by as many as 200 employees before the end of September.
2014 has been a tumultuous year for the revived Swedish nameplate. Production of the Saab 9-3 Aero was halted in May due to financial shortfalls. The severed staff are production-line workers who have been on stand-down since.
They were retained in anticipation of re-starting production, but that decision to do so has been in limbo since Nevs filed for bankruptcy protection in August. Absent a binding agreement regarding ownership structure and collaboration, production will remain on hiatus indefinitely, rendering those employees redundant.
Bankruptcy administrators will present a reorganization plan to Nevs’ creditors on October 8th.
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