What is the following with KTM? Eight days after the restart for production in Mattighofen, you will continue to wait in vain for clarity about the investor interviews when the motorcycle manufacturer, which was previously demolished in bankruptcy. The tremor for the jobs in the Innviertel is great – also among the readers of Krone.at.
On Monday a week ago, the motor assembly resumed after a break of approximately three months. The production is now gradually being increased, which should not go beyond another operation and, after three months and so around mid-June it could be full. How does it develop? KTM is quiet.
A fact that also applies to the search for investors. Shortly before the status of the renovation planag, seven potential donors with whom is in negotiations were still spoken. How the conversations develop can currently only be made. The fact is: there is no deal in dry towels yet. It was believed that the investor process should be completed between Mid -Marart and the end of March.
However, what happens if this is not the case? The 50 million euros, which co -owner Bajaj has made available for the resumption of production, are sufficient at the end of March according to the company’s own calculations. Another 100 million euros are needed for April and May. Who pays this? Bajaj again or a new financial investor? A question that there is no answer.
Guaranteed maximum confidentiality
“At the moment nobody can be viewed to the cards,” says Mattighofen Mayor Daniel Lang. No wonder: the greatest confidentiality had been guaranteed for interested investors. Also because of the financial support of the production -restart, it seems clear that the Indian Pierer partner Bajaj will remain on board in the future.
Mattighofen tortures the uncertainty about how investors search ends. The Tremor for the jobs is great, the city manager clearly appeals, but is also clearly discussed by the citizens behind the scenes. The readers of Krone. Doubting whether KTM succeeds in securing the jobs in the Innviertel. In our “Question of the Week”, only 38 percent were convinced of maintaining jobs, 62 percent did not believe in it.
Insolvency Foundation currently has 60 participants
The Insolvency Foundation initiated by Land Upper Austria and the Upper Austria labor market service, which was established in the course of the KTM crisis, has been used so far. The foundation is planned for a maximum of 400 participants.
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.
