KTM before breakdown: 800 terminations threaten the workforce!
KTM before breakdown: 800 terminations threaten the workforce!
Mattighofen, Österreich - The situation at KTM is heading: In the middle of a massive job cut that goes far beyond the previous forecasts, 800 employees are available for termination after the bankruptcy. 250 employees have already received their termination, and now there are 50 additional layoffs that were not intended in the original renovation plan. These developments were discussed yesterday by the works councils, the Pro-GE union and the Chamber of Labor, who discussed flanking measures for the employees concerned. The Chamber of Labor President Andreas Stangl emphasized that "fighting for every single job", which indicates the enormous pressure under which the employees are currently, as the ORF reports.
search for investors for KTM
At the same time, the listed parent company Pierer Mobility AG is intensively looking for investors to generate fresh capital and stabilize the battered KTM AG. According to a message, the US investment bank Citigroup was commissioned to reorganize the owners' structure. Existing partners and new strategic investors are to be addressed. A three -digit million amount is required to secure the financial situation of the Pierer Mobility Group. These measures are urgently needed because KTM AG recently was responsible for more than 95 percent of Pierer Mobility AG's sales, as the reports the press . The exact sum that is needed has not yet been announced, but the announcements made indicate a critical financial situation.Overall, the coming weeks will be crucial for the future of KTM and its employees. While the works council meetings take place to clarify the termination lists, the employee representatives hope for a solution that could prevent further layoffs. The first creditor meeting at the insolvency court is scheduled for Friday, and the company is faced with the challenge of finding suitable investors as quickly as possible in order to avert the bankruptcy and to secure the professional existence of many employees.
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| Ort | Mattighofen, Österreich |
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