Harley-Davidson cutting 1,100 jobs, consolidating plants

[PeaceNikki]

Source: The Wall Street Journal MarketWatch

By Simon Kennedy
Last update: 6:43 a.m. EST Jan. 23, 2009
LONDON (MarketWatch) -- Motorcylce manufacturer Harley-Davidson Inc. (HOG: 12.40, -1.16, -8.5%) said Friday that it will cut around 1,100 jobs in 2009 and 2010 as it cuts production volumes and restructures. The company said it will consolidate its two engine and transmission plants in the Milwaukee area into its facility in Menomonee Falls, Wis., discontinue its domestic transportation fleet, close its distribution facility in Franklin, Wis., and consolidate paint and frame operations at its assembly facility in York, Pa. The group said it expects to take one-time charges of $110 to $140 million and generate annual savings of $60 million to $70 million.

http://www.marketwatch.com/news/story/harley-davidson-cutting-1100-jobs-consolidating/story.aspx?guid={3622EAEB-D975-456E-A664-E2CDEADB8B5D}&dist=msr_1

This is another big blow to SE Wisconsin. :(