The targeted financing amounting to a three-figure sum of one million, which was to secure KTM’s liquidity, did not materialize – now bankruptcy is the only option. The motorcycle manufacturer from Upper Austria will submit the restructuring application on Friday. You can read here what the bankruptcy means for the employees, why it failed and what happens next.
“KTM AG is making a pit stop for the future” – with these words, the motorcycle manufacturer from the Innviertel announced on Tuesday afternoon that it would submit a restructuring application on Friday. The horsepower giant from the Innviertel is faltering – a report that is shaking the local economy and especially shaking 3,650 employees. What’s next? What does the step mean for employees? Read the most important questions and answers here.
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.
