Deals
VW Bid Questioned by Scania Town Mayor Defending 9,000 Jobs
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When the mayor of Scania AB’s hometown learned late Friday of Volkswagen AG’s plan to take full control of the truckmaker, she hit the phones.
The more-than 9,000 workers Scania employs in Sweden make up about 10 percent of the population of Soedertaelje, a town some 20 miles southwest of Stockholm. Mayor Boel Godner, who’s in regular contact with her town’s biggest private employer, says her main concern now is whether all those jobs will survive an offer by Europe’s largest automaker to buy the Scania shares it doesn’t already own.