Their headquarters and main production sites are in Mattighofen, and there are also similarities in the company names – and that now saddens KTM Fahrrad GmbH. Because the bicycle manufacturer needed an explanation due to the problems at Pierer Mobility AG, which mainly specializes in motorcycles, they now went on the attack.
A deep restructuring has become necessary; A three-figure sum is required to secure liquidity at KTM AG; As a result, 300 workers will be separated, and there will also be an unspecified cut in the white-collar sector.
In January and February, production in Mattighofen comes to a complete standstill, the stop also leads to a salary reduction and employees take a week’s holiday. Developments at Pierer Mobility AG have caused a wave of uncertainty in recent days, and not only among the motorcycle manufacturer’s workforce.
Completely independent and autonomous since 1992
Because: KTM Fahrrad GmbH also suffers from the problems with its namesake that are widely discussed in public. “KTM Fahrrad GmbH is repeatedly and wrongly associated with the current, unfortunately very negative, reports about Pierer Mobility AG and the associated KTM AG,” regrets the bicycle manufacturer, which has been a completely independent and independent company since 1992. It is owned by Carol Urkauf-Chen and is now run by Johanna Grabner-Urkauf and Stefan Limbrunner.
“KTM Fahrrad GmbH is a financially healthy company based in Mattighofen. Our bicycles and electric bicycles have a recognized good price-performance ratio,” they never emphasize. What, in addition to the parallel names, also increases the risk of confusion is Pierer Mobility AG’s commitment to the e-bike sector, which is now partly responsible for the difficult situation.
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.
