Harley-Davidson firing 700 workers globally, CFO departs

American motorcycle manufacturer Harley-Davidson has announced an overhaul of its global operating model, which includes firing around 700 employees. Of these, approximately 500 workers will be leaving this year, said the company, which has seen its sales drop in recent years in the US.

10th July 2020 | 12:32 PM (IST)
78 views

Harley-Davidson Inc said on Thursday its Chief Financial Officer John Olin will leave his job, from this point forward.

Darrell Thomas, treasurer of the organization, will become break CFO, Harley said.

The U.S. motorcycle maker Harley-Davidson Inc. will eliminate 700 positions - around 12 percent of its worldwide workforce - as its new CEO attempts to contract the cruiser producer into a nimbler and increasingly gainful organization.

 Must Read  Bengaluru analytics startup Fivetran raises $100 mn at $1.2 bn valuation

About US$42 million of Harley's rebuilding costs will be acquired in the subsequent quarter. The organization said that Olin will be supplanted on a between time premise by Darrell Thomas, who will keep on filling in as treasurer.

Harley Shares have flooded in excess of 30 percent since Zeitz first addressed Investors during its first-quarter profit bring in April. The stock fell 0.6 percent as of 12:35 p.m. Thursday in New York trading.

Download The Lehren App For Latest & More News, Gossips, Videos And Podcasts.

10th July 2020 | 12:32 PM (IST)
78 views
×
×