Bajaj Mobility AG to cut 500 jobs

Bajaj Mobility AG, which owns KTM AG, a big motorcycle company in Europe, is going to let go of about 500 workers.

This is part of a plan to make the company more competitive.

They want to spend less money, make their products better, and manage their offices in different countries more efficiently.

Bajaj Auto, an Indian company, bought a big part of KTM last year.

The company has about 3,800 workers right now, and most of the job cuts will be in office jobs and middle management.