Harley-Davidson expects to lay off 5 percent of workforce
Updated 5:16 pm, Wednesday, October 19, 2016
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 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