KTM’s acquistion of Husqvarna from BMW last January is already having consequences at the Italian plant (inaugurated in 2009) located in Cassinetta di Biandronno.
The factory will be laying off a part of the 250 workers for a year, under the nation’s emergency welfare redundancy fund (CIG) next August, due to a partial closure of the company’s activities.
According the Italian trade union FIOM, the new owners have said that international sales market are not going well, so production will be blocked in the month of August, while sales will continue to clear out the 3.
500 remaining bikes that still have to be manufactured, to add to the at least 11,000 motorcycles that are in their warehouses.
The trade union also said that the company has reported that they do not intend to close, but they also have not reported any future plans for the plant.