Harley-Davidson expects to lay off 5 percent of workforce

(AP Photo/Grant Hindsley, File)
(AP Photo/Grant Hindsley, File)

MILWAUKEE (AP) — Harley-Davidson Inc. says it expects to lay off about 225 salaried employees by the end of the year to cut costs amid a sluggish U.S. motorcycle market.

The cuts amount to about 5 percent of the company’s workforce. The Milwaukee Journal Sentinel reports (http://bit.ly/2erKclr ) that about 70 contractors also will be affected.

The company says it will incur up to $25 million in employee separation and reorganization costs as it cuts production and reduces workers.

Harley-Davison has 1,024 salaried employees at its Milwaukee headquarters and 3,246 salaried employees worldwide. The company has not disclosed where the job cuts will take place.

The company on Tuesday reported an 18.7 percent decline in third-quarter profit on lower sales and said it would cut costs.

___

Information from: Milwaukee Journal Sentinel, http://www.jsonline.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s