Minister on KTM bankruptcy

Kocher: “Mistakes may have been made”

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02.12.2024 22:26

The outgoing Minister of Labor and Economic Affairs, Martin Kocher (ÖVP), had harsh words to say about the KTM bankruptcy on Monday evening. In the direction of the company management, Kocher said: "Management mistakes may have been made."

The realization "that things can't go on like this" had already been there at KTM, but the company had continued to expand, Kocher criticized in the "ZiB 2" interview. The general economic situation was not the only reason for this: "Management mistakes may have been made."

"Creditors can bring charges"
In principle, he did not want to make any prejudgements, the Minister of Economic Affairs continued, but: "If rules or laws were broken, there is of course shared responsibility. The creditors have the opportunity to bring charges if there are grounds to do so."

Motorcycle manufacturer KTM had to file for insolvency. (Bild: Scharinger Daniel)
Motorcycle manufacturer KTM had to file for insolvency.

The ÖVP Minister admits that the economic situation is anything but rosy: "The outlook is what worries us. Industry is struggling throughout Europe, more competitiveness is needed. We in Austria have to do our homework, but something also needs to be done at European level."

Kocher for relief for the labor factor
With regard to the rising unemployment figures, which go hand in hand with the increasing number of company insolvencies, Kocher also indirectly brings the Green coalition partner into play: "I have repeatedly pushed for measures that were not implemented - partly because the parties had different ideas."

Of course, this no longer helps the people who are now losing their jobs: "But of course we now have to make sure that the economy picks up speed again." The burden on the labor factor is very high in Austria, and Kocher once again advocates a reduction in non-wage labor costs. 

However, hoping for an increase in exports alone is not enough, emphasizes the Minister: "We must now start the economic engine - and do so at home."

This article has been automatically translated,
read the original article here.

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