Harley Davidson to lay off 40 employees in Wisconsin

Harley Davidson to lay off 40 employees in Wisconsin

Wednesday, September 11, 2019 6:23 p.m. CDT

CHICAGO (Reuters) – Harley-Davidson Inc has laid off 40 employees at its general merchandise division in Milwaukee as part of a restructuring exercise, according to a company official with knowledge of the matter.

In an emailed response to Reuters, the motorcycle maker confirmed the layoffs but didn’t share the details. Harley said it was reorganizing the division to manage its business with “focus and discipline”.

The merchandise division accounted for about 5% of the company’s revenues last year. However, sales have been falling since 2015. In the first half of this year, the unit reported a 4.2% year-on-year decline in revenues.

Harley is battling weak demand in the United States, which accounts for more than half of its sales. Declining sales have forced the company to revise down its motorcycle shipment forecast for the year.

The company official said the layoffs won’t impact any workers in its manufacturing division.

(Reporting by Rajesh Kumar Singh; Editing by Kim COghill)

Let’s block ads! (Why?)

Source link

About Craig Ballantyne 16275 Articles
I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.