KTM is going through an extremely difficult period. The leading European motorcycle manufacturer has today filed for insolvency at the court of Ried in Upper Austria, initiating a restructuring procedure under judicial supervision. The company failed to pay off its debt 1,8 billion euros towards approximately 2.500 creditors. The total debt of the company and its subsidiaries KTM Components GmbH and KTM F&E GmbH is, however, valued at 2,9 billion euros.
KTM in trouble: The world’s largest motorcycle manufacturer has filed for bankruptcy
They are 3.623 the directly affected employees, who will no longer receive a salary from KTM, but will instead receive support from the insolvency compensation fund. However, a part of them…
