KTM in the crisis: hundreds of dismissals and salary stops at the end of the year!

KTM in the crisis: hundreds of dismissals and salary stops at the end of the year!

in Mattighofen and Munderfing there is acute despair at KTM: Europe's largest motorcycle manufacturer has registered bankruptcy and the first 250 official dismissals have already been processed. The workforce is faced with nothing - it has not received her wages for weeks, and the Christmas bonus remains uncertain. According to reports from kontrast.at , even impending dismissals can now be expected in January, while the workforce entered the queue for bankruptcy.

The financial crisis at KTM has built up for months, triggered by massive overproduction and a falling demand. The company's debt rose from 300 million euros in 2022 to terrifying 1.5 billion euros in 2024. Despite these dark prospects, dividends in the millions have been released to shareholders in recent years, while the employees worry about their remuneration. 300 positions in production and 120 in research and development were dismantled in the spring, reported today.at . Another 300 terminations are now in the pipeline.

uncertain future after bankruptcy

Now there is a risk of production stop in the coming months, and while the company will try to restore legal solvency through a renovation process, the employees have to submit applications to the bankruptcy fund in order to get their outstanding salaries. A sad example is an employee who has sold his home for a mission abroad - now he is standing with nothing, while the corporate management also benefited from bankruptcy and ongoing financial bottlenecks.

In the winter of 2024 alone, up to 3,670 employees could be affected and the stock exchange has already responded to the bankruptcy reports - the share price fell by 55 percent in two days. While the drastic measures are initiated to maintain the company, the question remains open how KTM wants to free itself from this deep crisis after the signs of overload and mismanagement have long been obvious.