US EditionBankruptcy looms as KTM enters self-administration
8 Articles
8 Articles
Day three after the opening of insolvency proceedings at KTM AG and two other companies of the motorcycle manufacturer, the employees of the company from Mattighofen (Upper Austria) are all about fighting for their outstanding November salaries and Christmas bonuses. Because: Today, Monday, the works meetings with the Chamber of Labor begin.
In its 90-year history, KTM has now faced its second bankruptcy. At the motorcycle manufacturer from Upper Austria, great successes and lows have already alternated several times.
Kiska in Anif has to give notice to 40 employees. The international design office has designed all KTM motorcycles
Bankruptcy looms as KTM enters self-administration
KTM’s financial troubles are much worse than many suspected. The company has entered self-administration to undergo a restructuring process in an attempt to stave off bankruptcy. Is a total collapse of one of the world’s leading motorcycle manufacturers near?Continue ReadingCategory: Motorcycles, TransportTags: KTM, Automotive, Financial, MV Agusta, Husqvarna, Gas Gas
MATTIGHOFEN/MUNDERFING. Chamber of Labor advises employees - expert sees Pierer challenged
The crisis at Stefan Pierer's KTM AG is also affecting KTM Fahrrad GmbH. They are emphasizing that they are not part of the group and are healthy.
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