KTM employees breathe a sigh of relief: December salaries have finally been paid!

KTM employees breathe a sigh of relief: December salaries have finally been paid!

The motorcycle manufacturer KTM finally has positive news for its employees: December salaries were paid on Friday, December 27th, giving the more than 3,600 affected employees a little hope after weeks of waiting. Before the bankruptcy, KTM had promised employees that it would pay a 90 percent advance on December salaries, but there were delays due to a lack of liquidity. Both in the last few weeks and during the bankruptcy, the financial uncertainty for employees was considerable, as many of them still had to wait for November salaries and parts of the Christmas bonus. How krone.at reported, a large portion of these outstanding payments are expected to be taken over by the Insolvency Compensation Fund in January.

Misunderstandings during payouts

Despite the positive news regarding the payment of December salaries, misunderstandings arose on Friday morning: While the payments for the employees are expected in the accounts on time, the workers have to wait until January 15th, as stipulated in the collective agreement. KTM explained that the wage information was not communicated correctly in the morning hour. This was clarified by KTM in a statement, as well nachrichten.at reported. However, the uncertainty remains as November salaries are also still up in the air and employees must continue to be patient until all outstanding payments are clarified.