About half of KTM’s 1,500 full-time employees will be shifting to part-time positions between May and August of this year says the . KTM said the measure would apply to all categories of employees, including white-collar employees as well as manual laborers. 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.
The move comes after KTM’s announcement a few months ago in January, which said the Austrian company would lay off 150 workers in its leasing division, and 150 core employees by April this year. KTM chief Stefan Pierer added that the company was planning to decrease production by 25 %, but said he expected business to get slightly better next year. On the positive side of the news, Pierer also claimed the motorcycle industry was in better shape to survive the recession than the car industry since more people would opt for motorcycles during a recession.
Source: Austrian Time via Hell for Leather
Comments