CHICAGO (Reuters) — Harley-Davidson (HOG) said Friday that it will cut nearly 12% of its workforce and close several plants as the global pullback in consumer spending crushed its earnings even worse than Wall Street had expected.
The quarterly results, which were also pulled down by a big loss at the motorcycle maker's in-house finance unit, sent Harley's already battered shares sharply lower.
Harley to cut 1,100 jobs as recession stings motorcycle maker - USATODAY.com