Harley Davidson to cut jobs amid lower demand and poor sales
Written on January 24, 2009 – 3:42 pm | by BikersUnite
Harley Davidson announced major job cuts yesterday in response to a slump in motorcycle sales and lower demand for it’s motorcycles in it’s major markets. Harley Davidson is expected to cut production by 10-13% in 2009 alongwith 1100 job cuts.
Harley plans to disband it’s domestic transport fleet and shift it’s parts, accessories and merchandise distribution to a third party in order to cut costs. It may also stop production at some plants to achieve it’s savings target of US$ 70 million.
Harley Davidson’s total revenue for 2008 was $5.59 billion as compared to $5.73 billion in 2007. Harley Davidson made a profit of $654.7 million in 2008.
Harley-Davidson VRSCDX Night Rod Special
Source: Harley-Davidson
No related posts.
Tags: harley davidson, sales
January 25th, 2009 at 2:20 am
[...] entry is fully written in it’s author’s blog. Read all about this here. This entry was posted on Friday, January 23rd, 2009 and is filed under Uncategorized. You can [...]