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
