KTM bankruptcy: Large motorcycle manufacturers fight for survival!

KTM bankruptcy: Large motorcycle manufacturers fight for survival!

Vösendorf, Österreich - KTM AG is facing a massive crisis! As Pierer Mobility, the parent company of KTM, announced on Tuesday, an application for renovation procedures with self -administration is to be submitted on Friday. This happens after the company and the subsidiaries have to register KTM Components and KTM F&E bankruptcy. The need for financing amounts to a high three-digit million amount, which makes the problems of the once powerful brand clear, which is now fighting with global challenges and internal failures, as Nachrichten.at

The KTM boss, Stefan Pierer, sees the situation as a wake -up call for the entire industry. "The KTM brand is my life's work and I fight for that," said Pierer. In order to ensure the survival of the company, you are planning a massive reduction in operating performance. According to estimates, this could lead to a decline in over one billion euros in production values ​​in the Austrian works by 2026. The job cuts could already affect up to 300 jobs, which places the 3670 employees in the bankruptcy affected companies into great uncertainty. Despite the dramatic situation, KTM Wien GmbH announced that it is not affected by the bankruptcy and continues to offer the services, according to .