Insolving wave meets Salzburg: jobs path and future uncertain!

Insolving wave meets Salzburg: jobs path and future uncertain!

Anif, Österreich - The developments related to the bankruptcy of the motorcycle manufacturer KTM lead to far -reaching consequences. As Kurier.at , KTM AG, which has debts of more than two billion euros, has a renovation process in the state court Ried requested. The causes of the bankruptcy range from increased location costs to the current recession to a stock of shocking 130,000 motorcycles, which is worth around one billion euros. In this context, the Design company Kiska in Salzburg is also affected by negative effects, since it has registered 40 employees as part of an early warning system for termination. Kiska, who is largely responsible for the design of the KTM motorcycles and has around 270 employees, sees itself in a difficult location.

The KTM AG plans to delete about 500 jobs, of which 200 at KTM, 250 at Research and Development GmbH and 50 at Komponenten GmbH will be affected. The measure aims to reduce the increased wage costs and temporarily stop production between mid -December 2024 and the end of February 2025. The central question remains whether the creditors will agree to the renovation plan, whereby the owner Pierer is urgently required to provide financial resources. In the event of a failed plan, significant effects could threaten the entire corporate structure.

effects on the employees

Another loser of this situation is the furniture company Kika, which also faces challenges in Salzburg. The Credit Protection Association of 1870 reports about a threat of loss of around 100 jobs. Mayor Bernhard Auinger has already had talks about possible conversions of the commercial area to create living space in the city if the company is not continuously operated. The GPA union has announced that it will be able to clarify the company meetings to clarify the employees about their legal options, while the Christmas bonus has already been applied for and should be paid out in the coming weeks, as Salzburg.orf.at This represents a dramatic change for the employees and the affected companies and illustrates the difficulties that have arisen through market reunification and management and management.