The necessary financing for KTM AG could not be provided – the bankruptcy filing for the motorcycle manufacturer and two subsidiaries is inevitable. This news spread like wildfire on Tuesday. From the mayor of Mattighofen to the AK president to the economic state councilor: read the first reactions here.
The bankruptcy announcement at KTM shocked many people. That says…
- Daniel Lang, mayor of Mattighofen: “It is a shock, but there is also a certain confidence that the announced cuts will hold and that we can get started from March. Now is the time to get involved and stand together.”
- Michael Seemayer, state manager of the Pro-Ge union: “The situation means great uncertainty for the employees. It is particularly sad so close to Christmas.”
- Andreas Stangl, Chairman of the Upper Austrian Labor Chamber: “It is important that employees do not end their employment relationship hastily. This could result in claims being lost.”
- Markus Achleitner, State Councilor for Economic Affairs: “KTM is an important leading company in Upper Austria. We trust that Pierer and his team will carry out a successful renovation. There is close coordination between the AMS, the Chamber of Labor and the State of Upper Austria, so that all steps are taken to support workers.”
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.
