Harley is also facing financial hardships

April 25, 2009 – 10:03 pm – No Comment

Harley-Davidson is also facing economic hardships. The company is having to take measures to insure its viability. Harley annouced that it will be cutting 1,500 jobs over the next two years and consolidate factories.

“As you know, 2008 was a challenging year,” said James Ziemer, who is retiring as Harley-Davidson Inc.’s president and chief executive officer May 1. “There’s no doubt our durability is being tested by one of the most challenging economic times since the Great Depression. We take our stewardship of this company very seriously. As a management team, we’ve been quite determined to make what we believe are wise choices in the short term that will give Harley-Davidson long-term success.”

The shareholder meeting was full of people who weren’t thrilled about the news, but everyone understood that if the company wanted to weather this financial storm then certain measures have to be taken.