New week, new developments: After the shock of the Almost two billion euros in debt at KTM The aim now is to put out fires as quickly as possible, get an overview of the situation and take the next steps into implementation.
From Monday to Wednesday, the insolvency experts from the Upper Austrian Chamber of Labor will be on site in Mattighofen to inform those affected and obtain a power of attorney, as well as to Applications to the insolvency fund to provide.
There are currently 40 million euros in salary payments outstanding, the November salary and the Christmas bonus are to come from the fund, and KTM wants to pay out the December wages at the beginning of the month.
Company should be continued
After the Upper Austrian motorcycle manufacturer KTM filed for insolvency in the Ried regional court on Friday, restructuring administrator Peter Vogl reported on Monday that the KTM AG company will be continued “after the first surveys carried out”.
Not only are the 3,600 KTM employees who are directly affected by the bankruptcy a cause for concern, it is also likely for many supplier companies in the regionwho had KTM as a large or even largest customer, become tight. According to State Economics Councilor Markus Achleitner, ÖVP, there is 356 million euros in outstanding debts from suppliers.
KTM boss Stefan Pierer could be held responsible
“There is currently 3000 vacancies in the Innviertel. We will set up a job hub to get people back into employment as quickly as possible,” says the politician.
He himself is in contact with the federal government, the banks and will be there personally from Thursday. Nevertheless, he paints a bleak picture: “These measures alone will not be enough.” It’s now about getting over yourself Insolvent employment foundations to inform. The crux of the matter: This can only be accessed once the restructuring plan has been approved by the court, which will not be the case until the end of February 2025 at the earliest.
Achleitner is also asking social partners and the employment service to come to a round table on Thursday to work out further support options.
“Pierer has to make a contribution”
If the company continues, as the insolvency advisor has now reported, there will be one Owner involvement State Economic Councilor Achleitner holds KTM boss Stefan Pierer responsible: “He has to make a contribution to the restructuring himself, but Pierer is certainly aware of that.”
For the region it could Damage extensive To put it positively, an industrial job usually creates one or two additional jobs. Conversely, this means that every job that is lost at KTM subsequently costs one or two jobs in surrounding companies.
“This is a hard blow for many of these companies that have grown with KTM,” says Achleitner, which is why “the work foundations will not be limited to KTM either.”