Update 18: 44
The Vänersborg District Court has rejected NEVS 'request to open the reconstruction process. NEVS's information on the proposed financing solution is vague and completely undocumented by the court.
There is no information as to how much and at what time funds could flow to NEVS, according to the court.
All that remains of NEVS now is bankruptcy. Or a miracle. The company has until the 18. September time to appeal against the decision and has announced that they want to do the same.
Because NEVS does not want to give up. The bargaining position is weaker than ever after today. Whether NEVS will survive depends on how strong the interest of the negotiating parties in the company really is. Or whether it seems more interesting to peck raisins from the bankruptcy estate.
Hard is the situation for the employees. Without a reconstruction process, there is no government wage guarantee. The unions are working on a contingency plan and will be discussing emergency loans tomorrow to cushion the worst hardship cases.