KTM on loss-making off-road trip

I read an article the other day in the online version of "austriantimes.at" and it talks about the Upper Austrian motorcycle and off-road vehicle maker KTM.


I thought you might be interested because KTM is an Upper Austrian company.

Basically what it says is that the turnover of the company fell by 24.9 per cent from 605.7 million euros to 454.6 million euros. It said that business in North America, KTM's biggest market shrank by 44 per cent and the european market contracted by a fifth.

I also said that the Mattighofen-based company dismissed 450 employees while 773 staff were put into a part-time scheme and that KTM planned to keep the part-time model running longer, but they ended it as orders grew faster.

What surprised me most was the fact that the company dismissed 450 employees and that the market in Europe contracted by a fifth and that the turnover fell by 24.9 per cent.


If you want to see the original text click here.



words:

to shrink (sinken): If something is getting lower it shrinks.
to contract (verkleinern): It's a synonym for shrink.
to dismiss (entlassen): If you don't need an employe you dismiss him.
staff (Mitarbeiter): People, who work in a company.
part-time scheme (Kurzarbeit): If the staff works shorter than usual than they are in a part-time scheme.