Their brands are well-known and they have many loyal customers, but that does not protect companies from bankruptcy. KTM has also had to come to this realization in recent days: the motorcycle manufacturer is in billions of dollars in debt, is going to lay off hundreds of employees and is fighting for restructuring. Who else had problems this year? You can read that in this Krone+ story.
An average of 18 company bankruptcies per day, more than 60 cases with debts of more than ten million euros each – 2024 is increasingly becoming the year of company bankruptcies in Austria. The most prominent newcomer in the bankruptcy statistics: motorcycle manufacturer KTM. However, the Mattighofeners do not cause the biggest bankruptcy of the year in Austria. Big names, big debts – who got into trouble this year:
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.
