Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Harley-Davidson is eliminating 180 jobs after earnings fall from weaker U.S. sales
Harley-Davidson is eliminating 180 jobs after earnings fall from weaker U.S. sales
Rick Barrett, Milwaukee Journal Sentinel Published 6:59 a.m. CT July 18, 2017 | Updated 5:04 p.m. CT July 18, 2017
Harley-Davidson Inc. is eliminating about 180 production jobs at its plants this fall, union officials said Tuesday, with the Menomonee Falls and Kansas City locations to be hit the hardest.
The 180 permanent job cuts are coming in the next couple of months as the company throttles back production amid weak U.S. motorcycle sales.
Temporary furloughs also are expected at the plants including the Menomonee Falls factory that employs about 1,000 production workers.
"It's not looking too good at this point," said Ross Winklbauer, a sub-district director for the United Steelworkers union that represents the workers. ... “We did not see this coming,” he said.
Rick Barrett, Milwaukee Journal Sentinel Published 6:59 a.m. CT July 18, 2017 | Updated 5:04 p.m. CT July 18, 2017
Harley-Davidson Inc. is eliminating about 180 production jobs at its plants this fall, union officials said Tuesday, with the Menomonee Falls and Kansas City locations to be hit the hardest.
The 180 permanent job cuts are coming in the next couple of months as the company throttles back production amid weak U.S. motorcycle sales.
Temporary furloughs also are expected at the plants including the Menomonee Falls factory that employs about 1,000 production workers.
"It's not looking too good at this point," said Ross Winklbauer, a sub-district director for the United Steelworkers union that represents the workers. ... “We did not see this coming,” he said.
Harley-Davidson Crashes After Cutting Sales Guidance
Is it time to abandon all hope, ye who invest here?
Rich Smith (TMFDitty) Jul 20, 2017 at 7:49AM
It's all over but the crying.
Earlier this week, Harley-Davidson (NYSE:HOG) stock lost 6% of its market capitalization after reporting disappointing earnings news for its fiscal second quarter 2017. Harley followed up that loss by losing another half-percentage point or so on Wednesday, and it's down again in early Thursday trading.
But how bad was the news, really, and was it bad enough to justify all the continued selling of Harley stock? Or are investors maybe, just maybe, overreacting a bit here? Let's find out.
Is it time to abandon all hope, ye who invest here?
Rich Smith (TMFDitty) Jul 20, 2017 at 7:49AM
It's all over but the crying.
Earlier this week, Harley-Davidson (NYSE:HOG) stock lost 6% of its market capitalization after reporting disappointing earnings news for its fiscal second quarter 2017. Harley followed up that loss by losing another half-percentage point or so on Wednesday, and it's down again in early Thursday trading.
But how bad was the news, really, and was it bad enough to justify all the continued selling of Harley stock? Or are investors maybe, just maybe, overreacting a bit here? Let's find out.
3 replies
= new reply since forum marked as read
= new reply since forum marked as read
