KTM Parent Company Lays Off Hundreds Of Employees, Sells Drops Into The Cause Of Kerok

JAKARTA - Bad news came from the KTM parent company, Pierer Mobility, who was forced to terminate employment or lay off hundreds of employees.

Quoting from the Rideapart page, Thursday, September 5, a total of more than 200 employees had to accept the fate of layoffs. Referring to employee data as of June last year reached 6,314 people, and now only 6,024 people, meaning there is a difference of hundreds.

The root of the problem of termination of employment was due to a decline in sales throughout 2024. In fact, his income fell 36 percent from year to year in the first half of 2024, compared to the same period in 2024.

Earlier at the end of last year the company also cut 300 jobs, and shifted more production to India and China through partnerships with Bajaj Auto and CFMoto.

This Austrian company predicts there will be a decline in sales in 2024, the figure could reach 15 percent. Of course, a fairly large number.

Responding to the decline, the company said it would start reducing significant costs during the third quarter of 2024, and one of the steps was to cut employees.

The company also revealed that currently the global automotive market, especially two-wheelers, is met with challenges, especially since the company also requires huge annual costs for operations in MotoGP through the KTM and GasGas brands.