With the declaration of bankruptcy at KTM AG, it became clear that the planned workforce reductions would be much higher than initially assumed: 500 jobs are expected to be lost by the end of the year. The motorcycle manufacturer is just one of many companies that is cutting staff. For people, the loss of their job often begins a life on credit. Read here how you can stay out of the debt trap.
This week, KTM will transfer the December salaries as an advance of 90 percent. The November salaries and the Christmas bonus, which the motorcycle manufacturer, which has been bankrupt since Friday, has not been paid out, will be paid out through the bankruptcy fund, although this will take several weeks…
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.
