LayoffBlog.com

January 23, 2009

Harley-Davidson to cut 1,100 jobs

Filed under: Manufacturing,transportation,US — 7macaw @ 8:33 am
Tags: ,

Top US motorcycle maker Harley-Davidson said Friday it would slash 1,100 jobs and production capacity as profits tumbled following reduced sales amid a deepening recession.

The Milwaukee, Wisconsin-based company suffered a 58 percent reduction in profit to 77.8 million dollars for the final quarter of 2008 from the same period a year earlier. Worldwide retail sales of the iconic motorcycle maker fell 13.1 percent while domestic sales were down 19.6 percent.

Source: AFP

2 Comments »

  1. one worthless company
    way to much debt for it’s size…

    bye bye Birdie

    Comment by UPTHECREEK — January 23, 2009 @ 10:12 am | Reply

  2. #1: ..because lots of Harley’s customers are currently doing their time

    Comment by pinkHummer — January 23, 2009 @ 3:35 pm | Reply


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