Archive for the ‘layoffs’ Category:
Harley Davidson Downsizing
Harley Davidson announced today that it would cut 1,100 jobs from it’s Milwaukee-based workforce.
Of the 1,100 job cuts, about 800 are hourly production workers and the balance are primarily salaried, nonproduction positions. About 70 percent of the planned layoffs are expected to occur this year.
“We obviously need to make adjustments to address the current volume declines,” Ziemer said in the release. “But we are also determined to do that in a way that will make us more competitive for the long term. Our management group will engage with union leaders, through our partnering relationship, regarding these changes.”
Harley-Davidson is trying to adjust its cost structure to meet 2009 motorcycle volume projections that are lower than the total number of units shipped in 2008. The company expects the volume reduction and changes to operations to result in one-time charges of about $110 million to $140 million over 2009 and 2010. Once completed, ongoing annual savings are expected to be about $60 million to $70 million.
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Job Seeker – Japanese automakers cut jobs as US sales tumble
Nissan Motor Co. said Thursday it was cutting 780 jobs and a Toyota subsidiary said it was also considering layoffs as part of efforts to cope with a shrinking US market. Continue…
Oct. 30 (Bloomberg) — Boart Longyear Ltd. , a provider of drilling services to mining companies including BHP Billiton Ltd., will cut jobs and spending after saying 2008 sales won’t meet a forecast made two months ago because of currency declines. Continue…
Nissan Motor Co. said Thursday it was cutting 780 jobs and a Toyota subsidiary said it was also considering layoffs as part of efforts to cope with a shrinking US market. Continue…
Oct. 30 (Bloomberg) — Boart Longyear Ltd. , a provider of drilling services to mining companies including BHP Billiton Ltd., will cut jobs and spending after saying 2008 sales won’t meet a forecast made two months ago because of currency declines. Continue…
Job cuts ensue as print media ads slide
Several print media businesses announced record losses in response to decreasing ad dollars. The heavyweight A.H. Belo Corp., which last week announced a companywide wage freeze, a suspension of dividend payments, and a new loan agreement that involve steeper interest payments. No matter how stable they were at the year began, all print media companies now face immense pressure from the ailing economy, testing their ability to succeed with minimal loss of jobs.
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