• From The BBC:

    Harley-Davidson is cutting a further 1,000 employees as its profits continue to slump in the face of falling sales.Net profits at the US motorcycle-maker fell to $19.8m (£12m) for the April to June quarter, down 91% from the $223m profit for the same period last year. Its quarterly revenues declined 27% to $1.15bn and the firm warned that unit sales for 2009 as a whole may fall by almost a third. The firm had previously announced up to 1,800 job cuts by the end of 2010. ‘Tough environment’Harley-Davidson, which currently has more than 9,000 workers in total, is continuing with major cost-cutting work. “It is obviously a very tough environment for us right now, given the continued weak consumer spending in the overall economy for discretionary purchases,” said Harley-Davidson chief executive Keith Wandell. The firm also confirmed that it would make a decision on the future of its main assembly plaint in York, Pennsylvania by the end of the year. In May, Harley-Davidson said it was…

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    Posted by Jon @ 2:55 pm

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