In a statement issued this week, NEVS said the move was necessary as “the decision to re-start production will be further delayed”.
The carmaker hoped a quick resolution could see production restart with minimal delay, and by retaining all employees it would have a workforce ready to go.
Saab still has another 350 employees however, so production can recommence within a reasonable timeframe assuming NEVS can fulfil its goal of finding new investors.
In the interim, remaining employees will be responsible for maintaining the plant and continuing development on new products.
NEVS has maintained it is in talks with two major carmakers about a future partnership, with India’s Mahindra believed to be one of them.
The carmaker was thrown a lifeline last month after a Swedish court granted it temporary bankruptcy protection, but NEVS still owes its creditors around AU$62 million.
Saab fans will need to mark October 8 in their diaries, as that’s the day NEVS will present its new business plan to creditors and suppliers.
Stay tuned to TMR for more.