Insolvency drama at KTM: 250 jobs lost, 300 more at risk!

The motorcycle industry is in shock! KTM, the once proud manufacturer from Mattighofen, has filed for bankruptcy, which means massive cuts for the workforce. 250 employees have already lost their jobs and another 300 will be laid off in the coming weeks as part of a highly dramatic restructuring Today.at reported. The company is in deep financial difficulties with debts of around 1.8 billion euros. The mood in the work is explosive; Employees report group formations and a hostile atmosphere resulting from insecurity and frustration.

This extraordinary crisis was triggered by the European Restructuring Procedure application process announced by parent company Pierer Industries on Monday. On Tuesday, KTM announced that a restructuring process with self-administration was planned, which cannot be guaranteed without significant interim financing COURIER communicates. The financing requirement is estimated to be in the high three-digit million range, and those responsible have already warned that the company will have to reduce its operating performance by around one billion euros by 2026.

Employees in a bind

The effects of the crisis are clearly noticeable. KTM boss Stefan Pierer is desperately trying to steer the company with the remaining 4,000 employees into calmer waters. At a company meeting, the employees were presented with a production stop and a reduction to one-shift operation. The number of jobs lost this year has already exceeded a thousand and losses are expected to continue. The company's share prices have fallen dramatically - on Monday alone the decline was 45 percent, and since the beginning of the year it has already fallen by 87 percent.

For those employees who are still employed, the time of uncertainty and fear of dismissal is omnipresent. Employees report a toxic atmosphere that stifles teamwork and collegiality. A once proud team seems to have become a group of “numbers”. The shock of the developments is palpable, and uncertainty remains a constant companion in these tense times.