Harley Davidson
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Okay. Now it's getting serious................
Harley-Davidson cuts shipments, jobs at quarterly profit skids
MILWAUKEE -- Harley-Davidson Inc., which has been slowing down for the past few years, has hit a serious rough patch as even its upwardly mobile customer base thinks twice about dropping thousands of dollars on a classic motorcycle.
The maker of one of America's most iconic rides said today that it will cut its work force by 8% and trim bike shipments by the thousands with domestic sales falling nearly 13% in the first quarter.
Chief Executive Jim Ziemer said Harley-Davidson has had temporary production cuts over the past four years, but the hundreds of layoffs announced Thursday are the first of that magnitude in two decades......
Okay. Now it's getting serious................
Harley-Davidson cuts shipments, jobs at quarterly profit skids
MILWAUKEE -- Harley-Davidson Inc., which has been slowing down for the past few years, has hit a serious rough patch as even its upwardly mobile customer base thinks twice about dropping thousands of dollars on a classic motorcycle.
The maker of one of America's most iconic rides said today that it will cut its work force by 8% and trim bike shipments by the thousands with domestic sales falling nearly 13% in the first quarter.
Chief Executive Jim Ziemer said Harley-Davidson has had temporary production cuts over the past four years, but the hundreds of layoffs announced Thursday are the first of that magnitude in two decades......
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