Did we hope for anything from today's bankruptcy trustee press conference? Saab, the customers, the dealers deserve to receive more specific information. In principle, nothing was said. As always and at some point my collar will burst.
What was the content to report? The February wages of the ex-Saab employees paid by the administrators are still a long way off, a payment date has not yet been fixed.
A quieter phase. Now?
The negotiations are ongoing and the work is now in a "quieter phase“Occurred. How nice. You continue to sell things that you consider appropriate to continue to finance the bankruptcy process. The plant should be kept in good condition and electricity, water and heating must be paid for.
So it went on during the conference, Saab should be sold completely, in the spring, the sale should be completed. Possible thefts in the factory were cryptically mentioned without being concrete.
Press conferences like these are not very helpful. If you have nothing to say, you should continue to do your work at the desk. Meanwhile, speculations are blossoming, again. Whether there is enough money to successfully complete the process is one question. Saabsunited's friends want to have Valmet identified as a possible buyer for the remnants of Saab Powertrain. Both were neither confirmed nor denied.
Saab has no alternative
At the base the need grows. The traders need to know how and if it continues. The base is eroding right now. But the base is needed for reconstruction. Sometime.
The aftermath of the Saab bankruptcy is now visible in the Trollhättan region. Hotels and restaurants are fighting. People without a job and with no prospect of hiring tend not to consume. They stay at home. The many jobs in northern Sweden or Norway are also of no use if you have an unpaid and poorly salable house in Trollhättan, Vänersborg or Lila Edet. For many former Saab employees, economic survival will be the key over the next few weeks and months. It decides whether many years of hard work end in an economic disaster - or not.
Saab is without alternative for the region. The bankruptcy administrators work in their offices in Stockholm and elsewhere. If they were to see the problem on the ground, they might give it a go. And do not bother us with empty phrases. The view over the garden fence, never was it as hip as it is today.
Next Tuesday is Showtime again. New chance, new luck. Time is running out!