MILWAUKEE (AP) — Harley-Davidson Inc. says it expects to lay off about 225 salaried employees by the end of the year to cut costs amid a sluggish U.S. motorcycle market.
The cuts amount to about 5 percent of the company’s workforce. The Milwaukee Journal Sentinel reports (http://bit.ly/2erKclr ) that about 70 contractors also will be affected.
The company says it will incur up to $25 million in employee separation and reorganization costs as it cuts production and reduces workers.
Harley-Davison has 1,024 salaried employees at its Milwaukee headquarters and 3,246 salaried employees worldwide. The company has not disclosed where the job cuts will take place.
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The company on Tuesday reported an 18.7 percent decline in third-quarter profit on lower sales and said it would cut costs.
Information from: Milwaukee Journal Sentinel, http://www.jsonline.com