KTM‘s financial situation appears to have deteriorated, as reports suggest the company has backtracked on its commitment to pay its employees before 2025. The Upper Austrian Chamber of Labour revealed that KTM staff will not receive their December salary, despite the company’s earlier promise to provide a 90 percent advance on the month’s pay.
The difficult situation arises amid financial challenges faced by KTM’s parent company, Pierer Mobility Group (PMG), which is currently undergoing insolvency proceedings. While KTM’s MotoGP project has so far remained unaffected, KTM’s failure to pay staff their salaries paints a grimmer picture than initially anticipated. Stating that KTM has backtracked on its promises, the Upper Austrian…
