We aren’t told which motorcycles will be affected by the move; PIERER’s press release simply states that the relocation will affect partial production of “individual mid-range models… and certain R&D activities.”
As if the above weren’t enough, PIERER also needs to cut back on jobs; effective as of 2024, PIERER Mobility Group will be making a “necessary reduction in staff of up to 300 employees at the Austrian locations in 2024.”
Interestingly, PIERER Mobility admits that market demand is good, though skyrocketing interest rates and dealer supply costs have certainly played an extra part in affecting the financial year.
We expect the global economic environment to be difficult in the 2024 financial year. For the PIERER Mobility Group, 2024 will be a year of consolidation, which will be used to strengthen the core business.”
“The Board of Directors expects sales to remain almost unchanged and an EBIT margin of 5 % – 7 %.”