As Christmas approaches we hope these guys are able to find other jobs . – The Spark has gone.
500 KTM workers are set to become unemployed as the Austrian manufacturer plans job cuts.
These 500 jobs follow on from 250 workers who have already been laid off, the additional 500 as part of the restructuring plans that KTM has undertaken in order to recover from its current financial situation, and bringing the total to 750.
This is according to the Austrian publication Der Standard, which also reports that it is not yet clear when the redundancies will be finalised, but that the administrator overseeing the restructuring process, Peter Vogl, believes that KTM AG, as well as its subsidiaries KTM Components and KTM F&E, will be able to continue functioning after the conclusion of the restructuring process.
Additional research from Der Standard has found that KTM is in debt to 1,630 creditors, including almost 180 banks, to which KTM’s debts reportedly total €796 million.
The list of KTM’s creditors, Der Standard reports, is 34 pages long, with the first 13 pages covering Austrian companies, the remainder from a variety of international countries including the following: Germany, India (where Bajaj Auto, which part-owns KTM, is based), France, Italy, Spain, Portugal, the Netherlands, Slovakia, Slovenia, Poland, Ireland, Switzerland, Great Britain, Canada, the USA, Argentina, Thailand, Taiwan, China, South Korea, Myanmar, Australia or Japan.
As well as the numerous banks, creditors also include smaller companies such as bakeries and coffee suppliers.
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Now you have read all the good news !!! ( But still no abdication from Turdo) – In our small Trials pond, we look forward to next year, with excitement, as we hear of more people wanting to host Trials events in the OK Valley ( something we started in 1985) – Obviously the new bike market is still going to be in the Toilet – not helped by the Gas Gas situation – but we (like others) will continue to promote and help where we can.. Please call us if you have any questions.
Answer to the last quiz was John Lampkin on the Fantic – Bob Clark even got the year correct!! – Brett, Harlow and Pete Varey plus Neil Carter also guessed it right.
Quiz today A difficult one from the past – how many can you name? Hint some US and Cannucks in this one.
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While looking through some old files I came across this newspaper cutting from 1990 – when we had Stan on the JCM – (Not JMC as in caption) – We just heard from Stan, who is now in Mexico for the winter we hope to get some pics at some point.
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Yesterday we got a surprise phone call from Miles Manna, who used to ride Trials in the valley, but quit when he took a job on the island Well it seems he is soon to become a ‘born again” Trials rider – so we had a long chat about both the old times and the current situation in the Trials World. He might be picking up a used Beta
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Finally – we now have quite a lot of snow – very “Christmas-like” – Birthday greetings today to our buddy Mike Phillips who has now gone around the sun 57 times.
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