News updated on 10/24/2024: The four members have been removed from the board of directors, but not fired.
A few weeks ago we were talking about the adjustments that the Pierer Mobilty group was carrying out in the form of hundreds of layoffs of its staff. The situation within the group is by no means stabilized, and in the chain of layoffs that we have been seeing over the last year there are four more casualties.
Talking about four dismissals when more than 300 workers have been fired may not seem too fair, but these changes are made within the management leadership of the company itself.
In total, four of the six managers that Pierer Mobility had until now have lost their positions. Only CEO Stefan Pierer and co-CEO Gottfried Neumeister will retain their position. But, in addition, among these four casualties there is an illustrious name who has the T in KTM in his last name and is Huber Trunkenpolz, grandson of the founder Hans Trunkenpolz.
In September 2023 Pierer Mobility reached record numbers, but since then everything has become complicated
The fight by Pierer Mobility to turn around a situation that seemed impossible in September 2023, when they broke their sales records, continues and the internal changes are part of it even though it seems that they have located some of the reasons. that have led them to this point.
One of them is that the United States market is not functioning as it should, and they attribute this to the fact that purchasing power in the North American country has decreased and that drags down all consumption. Furthermore, in Europe things are not much better, and with the European economy stagnant and Germany’s in recession, it is difficult for the European market to be able to “pull the wagon.”
Despite all the changes and taking into account the current situation, Pierer Mobility does not expect the recovery to be quick, something that makes it clear that the harsh measures adopted, especially with regard to the 300 laid-off workers, have not been a mere whim.
