Bajaj Mobility AG Announces 500 Job Cuts in Global Rightsizing Program at KTM

Bajaj Mobility AG, the holding company of KTM Group, announced a global rightsizing program to reduce around 500 employees, mainly in white-collar and middle management roles, at KTM AG. This initiative follows a restructuring process completed in 2025 and aims to enhance long-term competitiveness by cutting fixed costs, streamlining operations, and optimizing management. Bajaj Auto acquired a majority stake in KTM in November 2023, shifting from a minority to majority owner.