The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72.19 - Other Research And Experimental Development On Natural Sciences And Engineering
250 jobs Number of planned job losses
Announcement Date
29 November 2024
Employment effect (start)
1 January 2025
Foreseen end date
Description
KTM F&E GmbH is based in Mattighofen, Austria, focusing on research and development in the motorcycle industry. Facing insolvency, the company plans to cut 250 jobs as part of broader cost-saving measures. The layoffs will occur in the first month of 2025 as part of a court-approved restructuring process.
The company is a subsidiary of KTM AG which also applied for insolvency KTM.
The crisis stems from high inventory levels (130,000 unsold motorcycles) and declining US market demand due to high Austrian production costs. KTM F&E has liabilities of €105 million, impacting 550 creditors and 765 employees.
The social partners, including unions, demand transparency and a fair social plan for affected workers. The Austrian Insolvency Entitlement Fund will cover unpaid wages for November. Despite strong 2024 sales of 265,000 motorcycles, economic challenges necessitate restructuring.
Eurofound (2024), KTM F&E, Bankruptcy in Austria, factsheet number 202073, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202073.
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