Last Friday, there was the first creditor meeting for KTM AG in court, and it was decided that the company can continue to operate – despite strict restructuring measures.
The current executives, Stefan Pierer and Gottfried Neumeister, issued a statement expressing their relief: ‘We are very relieved! Today, the judge made the decision that all three companies can continue to operate for the duration of the proceedings. However, today was only the first step in the 90-day reorganization proceedings’.
Then, the KTM leaders emphasized: ‘This means that we will continue to work hard for our employees, our suppliers and our dealers to make this company viable for the long term. After all, we are talking about the business location and an Austrian brand that is well known from Los Angeles to Sydney’.
At this moment, the jobs and sustainability of KTM AG for the future are the priority: ‘The most important thing is to save as many jobs as possible. In this context, we are looking for new investors and are trying to reach a sustainable solution together with our creditors. We are having good discussions with the banks in particular’.
Finally, Pierer and Neumeister made sure to share their gratitude: ‘We would like to take this opportunity to express our special thanks to all our employees who continue to work for our company despite the adverse circumstances, the uncertainty and the sacrifices. And we would also like to thank our KTM fans and loyal customers all over the world for their support. You all give us strength and courage!’.