KTM bankruptcy moves Avocodo into the abyss: 126 employees in danger!

KTM bankruptcy moves Avocodo into the abyss: 126 employees in danger!

Linz, Österreich - A dramatic domino effect continues after the bankruptcy of KTM. Avocodo GmbH, a subsidiary of Pierer Mobility AG, also became insolvent and submitted an application for bankruptcy in the form of bankruptcy proceedings to the Linz Regional Court. The Alpine Officer Association (AKV) reported that Avocodo was insolvent due to the lack of payments from KTM AG and KTM Research & Development GmbH, which generate over 80 percent of its sales. According to the AKV, 126 employees are affected, while the company's liabilities are around 3.3 million euros, of which around 1.1 million euros are affected. The majority of the assets consist of claims within the KTM group and is estimated to be around 600,000 euros in the event of a liquidation.

renovation or liquidation?

How the Kleine Zeitung , a renovation process was opened without self-administration. As a result, the company tries to get into a new financial framework under the given circumstances and to continue the ongoing business. Avocodo was known for its software solutions for maintaining the KTM website and supporting the seller network, which is of crucial importance for the international operation of KTM.

The bankruptcy of KTM, which has been setting up since the end of November, has far -reaching consequences for the connected companies. Due to unpaid claims on the part of KTM AG and KTM Research & Development GmbH, the payment flows are interrupted, which gives Avocodo into a precarious situation. With around 6.8 million euros of liabilities, the company is currently facing major challenges, such as the Today.at . The 125 employees hope for a renovation to secure their jobs. The coming weeks will be decisive for the future of Avocodo GmbH and its employees.