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To: Bucky Katt who wrote (40480)	7/16/2009 12:55:51 PM
From: joseffy	Read Replies (1) \| Respond to of 48461

As profit plummets, Harley to cut 1,000 more jobs By Rick Barrett of the Journal Sentinel July 16, 2009 jsonline.com Nearly half of the 1,000 job cuts announced by Harley-Davidson Inc. on Thursday will come from Wisconsin, the company says. Of the 1,000 jobs to be eliminated, about 480 will come from Wisconsin, including the elimination of 300 hourly production positions. About 180 salaried employees will lose their jobs here, including 100 from Harley-Davidson Financial Services. The production of Harley-Davidson Sportster engines in Wauwatosa will be shut down for about 14 weeks late this year, including the company's entire fourth quarter. The news comes as Harley-Davidson said its second-quarter profit fell 91%. Harley said Thursday its earnings for the quarter ended June 28 fell to $19.8 million, or 8 cents per share, from $222.8 million, or 95 cents per share, in the same quarter in 2008. Revenue declined 27% to $1.15 billion. In a news release Thursday, the company said it will implement an employee reduction this year of approximately 700 positions in the hourly production workforce and will reduce its non-production workforce, primarily salaried employees, by 300 additional positions. Harley plans to offer a voluntary separation incentive package to eligible salaried employees. Earlier this year, it had announced workforce reductions totaling about 1,400 to 1,500 hourly production positions in 2009 and 2010 and about 300 non-production, primarily salaried positions. "We continue to take these difficult actions to manage through the current challenges, and we also continue to take major steps in creating the operational effectiveness that is essential to our long-term future," CEO Keith Wandell said in a news release. Production shutdowns and slowdowns are coming at Harley-Davidson's plants in Menomonee Falls and Wauwatosa, the company said. Shutdowns and slowdowns also are coming at the company's motorcycle assembly plants in York, Pa., and Kansas City, Mo. Harley has slashed its 2009 shipment expectations to between 212,000 and 228,000 motorcycles, or 25% to 30% fewer than the 303,479 shipped in 2008. It previously expected to ship between 264,000 and 273,000 motorcycles. The Journal Sentinel's Rick Barrett is the proprietor of this blog for Harley enthusiasts and anyone else interested in the motorcycle industry and culture.