After the bankruptcy shock, it is another important signal on the way back to daily life: after the production of motorcycles in Mattighofen (Upper Austria), the 30-hour week on KTM resumed on 17 March will also end from 1 April. Work is normally done in the entire group.
When will the next 50 million euros continue to continue production as planned? This question remained open on Monday, but apparently must be answered by KTM on Tuesday. In any case, the renovation of recent Peter Vogl was not a bang and that the money will flow.
Regardless of the financing question, the motorcycle manufacturer takes a step in the direction of Normaal in Tuesday. The production break around Christmas started a week earlier after the opening of the insolvency procedure than normal. After that the work was not resumed, but the KTM factory was still quiet until further notice. Motorcycles have been produced in Mattighofen since 17 March and from 1 April, even in full -time mode!
Salaries and wages were lowered accordingly
The motorcycle manufacturer, which was bankrupt bankrupt at the end of November, had only paid his employees a week of 30 hours since the beginning of the year. This was true for the workers who had to stay at home, as well as for the employees who continued to work. The reduced working hours and the associated salary and wage reductions helped to get a bankruptcy procedure in the critical phase.
“All employees back in the factory”
Because the agreement expires at the end of March, the 30-hour week is again history from midnight. “All employees are back in the factory,” says Michael Seemayer, director of the Pro-GE-Unie in Upper Austria.
Production in Mattighofen initially runs in one-shift operation. Motorcycles are made on four lines. Full operation will be reached here mid -June. In the course of the bankruptcy procedures there was also a huge reduction in the workforce: the 250 people, who were terminated at the beginning of December, were all directly in the main plant of the KTM head.
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.
