Sandie Seward
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Saab to cut 750 jobs.Saab, the struggling Swedish carmaker that is being jettisoned by its parent General Motors, is to cut 750 jobs as it attempts to stay in business.
The company said that Swedish-based investors were interested in buying the operation, which will no longer be supported by GM after the end of this year.
It said that between six and eight very large companies were interested in buying the loss-making unit.
Last month Saab sought protection from its creditors in the Swedish courts under a “reorganisation” arrangement.
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