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Half of KTM employees go part-time for summer

Back in january we told you about KTM feeling the economic pinch and made the decision to lay off 300 workers. KTM chief Stefan Pierer also warned at the time that some of the remaining full-time employees might be switched to part-time as part of the cost shedding plan. Another piece of the plan was to reduce production by 25%.

Well - the plan was finally implemented and 733 of 1,482 full-time KTM employees will transition to part-time work between May and August this year. The move trims production by the equivalent of two months, but keeps the trained workforce at the ready in hopes of an economic rebound next year.

The changes affect all levels of KTM employees, 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

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