WASHINGTON: US motorcycle maker
Harley-Davidson said Thursday it would cut 1,000 more jobs this year after a
devastating second quarter as the global recession slashed sales.
The Milwaukee, Wisconsin-based company announced the new job cuts
along with a 91 percent plunge in second quarter net profit from a year earlier.
Earlier this year the company had said it planned between 1,400 and
1,500 job cuts over the next two years and would close two factories to realign
production with softer demand.
"While the underlying fundamentals of
the Harley-Davidson brand remain strong and our dealers' retail motorcycle sales
declined less than our competitors, 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 president and chief executive
Keith Wandell.
Harley-Davidson reported net profit fell to 19.8
million dollars in the second quarter. Worldwide retail sales of its iconic
motorcycles plummeted 30.1 percent from a year ago.