Amazingly the stock is doing very well for a company seeing continuing drops in demand and laying off folks. I'm up over 75% on HOG since I bought at $13 a few months ago.

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Additional Layoffs At Harley Davidson

Monday, September 21, 2009
Steve Fermier and York Daily Record


More than seventy workers at the Harley Davidson motorcycle assembly plant in York County have recieved their termination notices. That's as the company is inspecting sites in other states including Tennessee, Kentucky, and Indiana.

The Pennsylvania Department of Labor reported the pink slips are effective on September 28, according to the York Daily Record.

If the company closes the sprawling complex in Springettsbury Township, it would mean the end for about 2,000 jobs. The company said in January it would cut 1,100 overall jobs throughout the company to get its costs and production in line with demand.

Harley Davidson has seen sales decline by about 12 percent worldwide as a result of the recession.

A short-term production shut down is scheduled to start at the end of this month.

 

Less workers = Higher profits.

Only works so long.

 

My co-workers mother was just let go from the York HD plant on Friday September 18th. The York plant is a mess right now. Sure hope they stay put and get things worked out. The York open house is this coming weekend and I surely hope it is not their last.

 

Stock usually Rises when workers get laid off but thats a temporary rise sooner or later it all catches up..

 

It is sad for all of the workers. --------------- I really do feel bad for all of those guys.

 

My understanding is that the plant is antiquated and they want a more efficient facility.

 

When they build the new plant, (here, fingers crossed) they will hire about 2000 folks.

 

+1 for a plant in TN

 

Where I work we went from 250 workers in the plant to 45 right now. I'm not thrilled with what happened, and I am lucky to still have my job ( I have been there for 30 years).
We are on survival mode right now waiting for the turn around. I imagine that Harley is doing the same thing. Let's just hope that they ( and many other US companies )can outlast this recession.

 

Stock price has to do with the future. As this whole mess gets straighten out production and people go back to work. You are investing in the future not present results.

Look at Deere, Cat, USS.

The onlyh BS is it was not Harley management that lost these guys there jobs, it is the some rich bastard in Wall Street that is getting his bonus. How quickly people forget.