Saab faces unions’ bankruptcy action

12 September 2011 Last updated at 13:21 – http://www.bbc.co.uk/news/business-14883512 Two Swedish unions have applied for Saab to be declared bankrupt because the troubled carmaker has been unable to pay wages to its workers. Last week, Saab’s application for protection from its creditors to help it avoid bankruptcy was rejected by a Swedish court. At the time, unions said they could […]

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Bank of America plans to cut about 30,000 jobs

12 September 2011 Last updated at 19:33 http://www.bbc.co.uk/news/business-14889446 Bank of America is to cut 30,000 jobs over the next few years as part of a cost-cutting programme. The cuts represent about 10% of the company’s workforce. Bank of America wants to save about $5bn (£3.2bn) a year as it slims down the bank that was hit hard by the sub-prime […]

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