With billions in debt, the bankrupt motorcycle manufacturer KTM surpassed everything in the last weeks of 2024 – and was also the tip of the iceberg of a development. Because: The number of business bankruptcies has increased enormously in the past year. Now the fear of domino effects is growing. Here you can read in which area these can strike.
No salaries and wages in November for more than 3,600 employees, who are still waiting for the bulk of their Christmas bonuses as both will only be transferred through the insolvency compensation fund in the coming weeks – KTM’s mega-bankruptcy has the motorcycle manufacturer’s employees in full force. In addition to the long wait for payments, the wave of cancellations started a few days after the bankruptcy was declared: 250 people were informed at the beginning of December that they had to leave…
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.
