KTM Slashes 300 Austrian Employees/GasGas and Huskys will be Electric
https://www.advrider.com/piere-mobil...ions-overseas/
Maybe I read this wrong but KTM is cutting 300 Austrian Factory jobs that will go to Asia and selling off FELT and R Raymond Brands to focus on Husky and Gasgas ebikes. It seems like a downsizing shift that KTM has done before(ie Husbaberg). Am I wrong? Maybe the Gasgas and Husky brands will disappear from the motorcycle market? |
They have to pay for the KTM and GasGas MotoGP effort somehow.
Or "This planned measure will lead to a significant reduction in total assets and thus to a higher equity ratio for the group. The associated negative impact on the company?s cash flow for the 2023 financial year is being consciously accepted." Whatever that means. . . KTM - READY TO RACE |
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I was told, that by moving their manufacturing to China, KTM is saving $2k to $3k per ADV bike.
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I?m sure consumers won?t see that savings.
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