MoCo layoffs gets worse
#1
07-16-2009, 06:22 PM
MoCo layoffs gets worse
Published - Thursday, July 16, 2009
Harley cuts 1,000 additional jobs
By The Associated Press
.
MILWAUKEE — Nearly half of the new 1,000 Harley-Davidson job cuts will fall in Milwaukee.
The motorcycle maker announced today it plans another round of layoffs as its second-quarter profit tumbled 91 percent on falling motorcycle shipments.
The latest round includes 700 hourly and 300 salaried positions.
Harley spokeswoman Rebecca Bortner says 480 jobs will be lost in Milwaukee by September, with the remaining cuts in Kansas City, Mo., and at Harley-Davidson Financial Services in Chicago.
Harley has been restructuring since the beginning of the year to cope with weaker sales. Demand for Harley's motorcycles have taken a pounding in the recession as consumers cut discretionary spending.
Harley cuts 1,000 additional jobs
By The Associated Press
.
MILWAUKEE — Nearly half of the new 1,000 Harley-Davidson job cuts will fall in Milwaukee.
The motorcycle maker announced today it plans another round of layoffs as its second-quarter profit tumbled 91 percent on falling motorcycle shipments.
The latest round includes 700 hourly and 300 salaried positions.
Harley spokeswoman Rebecca Bortner says 480 jobs will be lost in Milwaukee by September, with the remaining cuts in Kansas City, Mo., and at Harley-Davidson Financial Services in Chicago.
Harley has been restructuring since the beginning of the year to cope with weaker sales. Demand for Harley's motorcycles have taken a pounding in the recession as consumers cut discretionary spending.
#2
07-16-2009, 07:09 PM
Road Warrior
Yup. the the quick and easy way big companies cut cost is by head count. the market usually reacts positive to a company announcing mass layoffs.
#6
07-16-2009, 08:05 PM
Cruiser
Join Date: Dec 2008
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why the hell don't they advertise???
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#8
07-16-2009, 08:40 PM
If you lower the price, then you have to sell even more bikes to make up the profit. In a recession, people aren't buying anyway. Lowering the price devalues the brand. Used bikes are already low enough. Lowering prices isn't going to help, it's just make things worse. Less profit, more cuts in workforce.
#9
07-16-2009, 08:59 PM
AZ---+1 on that!
On top of that if they lowered the cost it would de-value the bikes we already own.
On top of that if they lowered the cost it would de-value the bikes we already own.
If you lower the price, then you have to sell even more bikes to make up the profit. In a recession, people aren't buying anyway. Lowering the price devalues the brand. Used bikes are already low enough. Lowering prices isn't going to help, it's just make things worse. Less profit, more cuts in workforce.
