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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.10 - Manufacture of motor vehicles
100 jobs Number of planned job creations
Announcement Date
21 October 2016
Employment effect (start)
21 October 2016
Foreseen end date
31 December 2017
Description
Austrian motorcycle manufacturer KTM announced investments of €25 million at its headquarter in Mattinghofen, Upper Austria, creating 100 new high-skilled jobs in the medium term. The investment forms part of the company's strategy to foster and increase its research and development division and support global business expansion. KTM is planning to expand its current research centre by the end of 2017 and all motorcycles from HTM and Husqvarna will be developed there. Currently, KTM employees 522 people in the R&D sector in Mattinghofen. This year KTM also established a new site in Munderfing, close by the headquarter, employing 180 people.
The company currently employs 5,069 staff worldwide of which 3,916 are employed in Austria.
Sources
21 October 2016: Die Presse
22 October 2016: OÖ Nachrichten
21 October 2016: Wirtschaftsblatt
Citation
Eurofound (2016), KTM, Business expansion in Austria, factsheet number 88988, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88988.
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