RSS   Newsletter   Contact   Advertise with us

Harley-Davidson to fire 700 people

Christian Fernsby ▼ | July 10, 2020
Harley-Davidson announced an overhaul of its global operating model, including a leaner, more nimble organization.
Harley-Davidson
Changes   Harley-Davidson
Initial Rewire actions are expected to result in restructuring costs of approximately $42 million in Q2 2020.

Topics: Harley-Davidson

The company plans to share a summary of The Rewire, including additional costs and expected savings, when it releases its Q2 results.

Changes to the company’s operating model under The Rewire include all areas of the business globally, from commercial operations to corporate functions.

Changes have also occurred in the company’s leadership, among them, Chief Financial Officer John Olin has left his role, with current VP Treasurer, Darrell Thomas assuming duties as interim CFO until a successor is appointed. Overall, the streamlined structure requires approximately 700 fewer positions across the company’s global operations with approximately 500 employees expected to exit the organization through 2020.


 

MORE INSIDE POST