On Thursday, MEPs approved the Commission’s proposal to mobilise €1.8 million from the European Globalisation Adjustment Fund for Displaced Workers (EGF) to support 420 workers who lost their jobs following the decision by Austrian motorcycle manufacturer KTM Gruppe to cease production. The report was adopted with 584 votes in favour, 39 against and 13 abstentions.

A €3 million package will help those affected return to work, through career counselling, job-search assistance, skills training, and training allowances. The EGF will cover 60% (€1.8 million), with the remaining 40% (€1.2 million) funded by the Austrian public employment service. KTM, once among Europe’s leading motorcycle brands, faced significant financial losses and a sharp drop in sales in 2024. Ongoing supply chain disruptions led to insolvency proceedings and production to stop in April 2025. The company later secured funding, avoiding bankruptcy and allowing production to resume under cost-saving…