The Vöcklabrucker Metallgießerei GmbH has become the latest company impacted by the ongoing crisis within KTM AG. The foundry initiated insolvency proceedings on Friday, putting 134 jobs at risk.
According to KSV1870, which represents the creditors, the company’s management had believed until recently that KTM AG would provide the necessary liquidity, especially after the firm was acquired by KTM Components GmbH in September.
The submitted documentation reveals debts amounting to approximately €3.5 million and details the jobs at stake: 103 factory workers, 23 office staff, and eight trainees. The insolvency filing was prompted by the company’s inability to pay salaries by the December 15 deadline.
Half of the…