KTM has found itself in a pretty rough place in recent weeks, with the company recently filing for insolvency. The brand somehow found itself 2.9 billion euros (around 3.03 billion USD) in debt, and obviously, this is by no means a good thing. Now, leading up to the announcement, there were quite a few telltale signs that things were looking bad for Team Orange.
For starters, KTM announced a “temporary closure” of its manufacturing facilities for two months in 2025 starting from January going through February. The decision was said to affect around 1,000 employees, who were told that they would not need to report to work once 2025 rolled around. All this came hot on the heels of some very poor sales figures and a massive drop in revenue.
With all that being said, it seems that KTM’s problems just keep getting worse, as now, less than two weeks away from Christmas, the company has apparently announced that it will not be able to pay its employees’ December salaries before Christmas.
