Harley-Davidson Announces New Round of Job Cuts
The economic pain wrought by the SARS-CoV-2 coronavirus continues to affect Harley-Davidson (NYSE: HOG). The storied motorcycle maker said Thursday it's cutting roughly 140 jobs in two factories, one located in Pennsylvania and the other in Wisconsin.
The move comes just after the company's announcement that it's reducing production volumes. As with many businesses across the economy, Harley-Davidson has suffered from softened demand for its products. "Stay in place" measures, which had been in force in the early part of the pandemic, will likely remain (or in certain cases, be reintroduced given the sharp increases in cases lately).
Image source: Harley-Davidson.
Source Fool.com
