Harley-Davidson Ousts CFO, Plans To Lay Off 13% Staff As Part Of 'The Rewire' Plan

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Harley-Davidson Inc (NYSE: HOG) on Thursday announced it would cut nearly 700 jobs in an effort to “rewire” the company.

What Happened

In a statement, the heavyweight-motorcycle manufacturer said it expects about 500 of these employees to exit the organization this year itself, including through layoffs or other means.

The retrenchments are a part of a wider restructuring effort, which Harley-Davidson estimates would cost them about $42 million in the second quarter this …

Full story available on Benzinga.com

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