NEWS : Harley-Davidson to Cut Jobs, Ship Fewer MotorcyclesDate Created: Apr 18, 2008, 09:57 PM
Harley-Davidson to Cut Jobs, Ship Fewer Motorcycles
Harley-Davidson Inc. on Thursday said that it will cut motorcycle production and slash about 730 jobs as the sluggish U.S. economy slows demand for its iconic motorcycles.
The Milwaukee-based motorcycle manufacturer also reported that it expects full-year per-share earnings to drop as much as 20 percent.
First-quarter net income for Harley-Davidson (NYSE: HOG) slid 2.5 percent to $187.6 million compared with $192.3 million for the same period a year ago. Earnings