Category: Dailies


Photo: KTM

733 of 1,482 full-time KTM employees will transition to part-time work between May and August this year. The move effectively eliminates two months of production, but retains the company's workforce and manufacturing capacity in hopes of an economic rebound next year. All levels of employees will be affected, including factory works, management and executives. Cross Holdings, KTM's majority owner, and Bajaj Auto, which holds 31.72 percent, plan to inject €30 million in capital to keep KTM race-ready.

via Austrian Times

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