P1racenews AI automatic summary:
KTM majority shareholder Bajaj Auto has revealed plans to cut its workforce by 50%, which is set to impact its MotoGP operations.
Bajaj Auto, the majority shareholder of KTM, has announced intentions to reduce its workforce by 50%, affecting its MotoGP operations.
The Indian company aided KTM during its financial crisis in late 2024 and is seeking approval from the European Commission for the acquisition.
Bajaj’s managing director plans to cut expenses by 50%, impacting departments like R&D, marketing, operations, and administration, directly affecting KTM and Tech3’s MotoGP teams.
The workforce reduction seeks to optimize efficiency, distinguishing between blue and white-collar staff, with a focus on reducing manager-level bureaucracy.
Despite criticism towards past management for KTM’s struggles, Bajaj expresses confidence in the new leadership team and their strategies moving forward.
