Harley to cut 1,100 jobs as 4Q profit falls
Harley-Davidson Inc. said Friday it will cut 1,100 jobs over two
years, close some facilities and consolidate others as it grapples with
a slowdown in motorcycle sales.
The Milwaukee-based company also
reported its fourth-quarter profit fell nearly 60 percent, and said it
is slashing motorcycle shipments in 2009 to cope with reduced demand.
The
iconic motorcycle maker said it will consolidate two engine and
transmission plants in Milwaukee into its facility in Menomonee Falls,
Wis. It will shrink its paint and frame operations in its York, Pa.,
plant and close its distribution facility in Franklin, Wis., whose
duties will be handled by a third party. [AP]