250 employees have already been told to leave, and another 500 employees will be dismissed as part of the insolvency proceedings at KTM – these figures were confirmed after the roundtable conference with the state of Upper Austria. The AMS arrived on Friday with a large contingent of employees – even with help from Salzburg.
“We prepare, join forces and ask which of the part-time workers can increase their hours and how much overtime can be done. We put aside what is not so important” – with these words Iris Schmidt responded to the upcoming staff reduction immediately after the bankruptcy of motorcycle manufacturer KTM became known by focusing on how a strong team can now be present in the Innviertel.
A total of 250 terminations were announced on Monday at the three companies affected by the restructuring process: KTM AG, KTM Components GmbH and KTM Forschungs & Entwicklung GmbH. Four days later, on Friday, a company meeting was held at Mattighofener’s headquarters by the insolvency experts of the Upper Austrian Labor Chamber and the Upper Austrian Labor Market Service.
The insolvency fund also covers divorce claims
First step: Clarification of the rights and claims upon termination of the employment relationship in the insolvency proceedings, which was also accompanied by the signing of the powers of attorney that will be forwarded to the insolvency fund. Because: The fund also covers claims that become due if employers and employees part ways, such as severance payments.
“The employees of the Chamber of Labor are the specialists when it comes to what the next steps are,” says Iris Schmidt, who had a team of more than ten employees on site at KTM on Friday to assist the people affected by the job losses. initially To catch up on the next step – this went from making a reservation to look for a job to talking about what future options each person has and what qualifications are available if there is no suitable position.
AMS Salzburg helps
Noteworthy: Not only AMS employees from Linz helped the regional team of the Braunau Labor Market Service Office, but also colleagues from Salzburg. “There are also employees at KTM who commute from Salzburg to the Innviertel,” says Schmidt. And help for the AMS Upper Austria does not only come from Salzburg, she reveals: “We also have offers of support from Lower Austria and Tyrol.”
Another 500 employees have yet to leave
In addition to the 250 people already laid off from KTM, another 500 will have to leave as part of the restructuring process – this was reaffirmed by State Economic Council Markus Achleitner during the roundtable on Thursday. Schmidt is audibly affected by this development: “I keep thinking about her. Of the 3,600 employees, 250 know they have to leave. And now that the others are left behind, no one knows whether he belongs to these 500 or not. I can’t imagine how they feel right now, but it must be crazy.”
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.
