KTM will be able to continue operation by the Ried Regional Court following a hearing on Friday, wไhile the projected 🌠number of feared staff layoffs has been reduced.

The Austrian motorcycle manufacturer is in the midst of a deep financial crisis, with KTM currently in debt 𓆏for at least €1.8 billion accorওding to creditor protection associations.

Hundreds of staff have been laid off in recent months, with more job losses expected, while salaries f🐻or November and December have so far not been paid.

However, on Friday following a hearing a꧅t the Ried Regional Court in Austria, KTM has been allowed to continue.

According to a report from Austrian media outlet ORF, KTM’s restructuring process will still proceed as planned, while the company was found to have “s𝔍ufficient liquid🧜ity” until its next audit meeting.

The number of staff layoffs🍨 projected has been cut from 500 to 300, while salaries for November and Dece🍌mber should be paid to employees by the end of January.

This wil💟l be paid out of the insolvency wage fund.

ORF also reports that KTM boss Stefan Pierer was not in﷽ attendance at the Regional Court, with the company represented by Gottfried Neumeister (Co-CEO) instead.

KTM’s restru🎃cturing plan could be boosted by a cash injection from three parties interested in doing so through the Pierer Mobility Group, said to be worth up to €700 million.

Th🦄e manufacturer’s production freeze, which came into effect last week, will carry on until the end of February as it currently has a reported 130,000 unsold units sat in a warehouse.

KTM will face a creditors examination on 24 January, while the vote on its restructuring plan - which of🦹fers creditors a 30% repay within two years - will happen on 25 February.

There has been no official word yet on how th🌱is latest development will impact KTM’s MotoGP project.

Numerous figureheads have insisted since November that 2025 will continue as pla𒅌nned.

However, there have been media rumours that KTM will fre🦹eze development o🐽n its 2025 bike owing to the company’s ongoing financial crisis.

This has not been confirmed by KTM.

Earlier this week, administrators announced that it would be selling off KTM's 50.1% majority stake in Italian ༺brand MV Agusta, while long-time KTM tester Jeremy McWilliams has lost his job.

Austria's Financial Market 168澳洲幸运5官方开奖结果历史:is also probing KTM over whether the Pierer Mobi𝓡lity Group complied with disclosure regulations this year.