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February 6, 2007
Harley sees layoffs, output cuts; blames strike
Reuters reports:
Harley-Davidson Inc. plans to lay off up to 740 workers and cut production at two sites because of a strike at its largest motorcycle plant, the company said.
Negotiators for the company and the strikers planned to meet with a federal mediator today, Harley said. No details on the meeting were made public.
Nearly 2,800 workers at Harley's York, Pennsylvania, plant, which makes some of the company's most profitable motorcycles, walked off the job on February 2 after their contract expired. Harley is seeking a variety of concessions from the workers.
In a statement posted on its Web site, dated February 5, Harley said it would reduce production of engines, transmissions and components at two plants that supply parts to the York facility. That will mean the temporary layoff of about 740 workers at the plants in Menomonee Falls and Tomahawk, Wisconsin, it said.
The article notes that analysts believe the strike will cost Harley a penny per share a day in profits. Here's Harley's statement. The stock closed higher today.
Posted by edelfenbein at February 6, 2007 4:13 PM
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