At the beginning of December, Pierer Mobility AG announced that it would split from 300 employees in Upper Austria in 2024. Now the motorcycle manufacturer (KTM, Husqvarna, GasGas, MV Agusta) presented the figures of the previous year. They reported an increase in turnover to 2.6 billion euros.
Pierer Mobility AG around the brands KTM, Husqvarna, GasGas and MV Agusta continues to operate at full speed. Last year, the Mattighofen-based company sold 381,634 motorcycles – an increase of two percent compared to 2022.
Turnover also increased: according to preliminary figures, it will be between 2.65 and 2.67 billion euros – a significant increase of 9 percent. In the field of bicycles and e-bikes, Stefan Pierer’s two-wheeler empire sold 157,358 units.
A maximum of 300 employees must leave
At the beginning of December, Pierer Mobility announced that it would be laying off up to 300 employees in Austria by 2024. These plans are justified by the unfavorable economic conditions in Europe. Therefore, parts of production for individual mid-range models and certain research and development activities will be moved to strategic partner Bajaj Auto in India and to CFMOTO in China.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
