KTM insolvency: 3,600 jobs in danger-now wages are finally paid out!

KTM insolvency: 3,600 jobs in danger-now wages are finally paid out!

Mattighofen, Österreich - The bankruptcy of the Austrian motorcycle manufacturer KTM has caused horror among the more than 3,600 employees. Many had to worry about their November salaries, Christmas tariffs and future jobs. With the start of the payments from the insolvency bank fund, the employees could finally breathe a sigh of relief, because the funds should flow from mid-January, as the Krone . Basically, the employees of the renovation recipient have clarified all the formalities by December 19, which clears the way for the first payments. These should begin to the employees who will pay for their outstanding wages the following week.

payout and layoffs

The employees affected by the bankruptcy, including many German workers- around 1,000 from Lower and Upper Bavaria- are also entitled to submit applications. IEF managing director Richard Fuchsbichler promised to make the first wave of the payouts from January 20, during the