Shares in Harley-Davidson Inc (HOG.N), jumped more than 9 percent on Tuesday as the market shrugged off sluggish U.S. retail motorcycle sales. Harley’s shares touched a two-month high on the company’s plan to streamline its operations, reorganize and reduce its workforce during the fourth quarter in a move that will cost the company $20 million to $25 million. Shares of Harley-Davidson were at $54.39 up 9.45 percent in afternoon trade.…
Read MoreHarley-Davidson to Lay Off 200 Employees
Harley-Davidson plans to cut 115 jobs at the Springettsbury plant, according to Harley spokeswoman Bernadette Lauer. Harley-Davidson Inc. plans to cut 200 regular and casual union employees in the fourth-quarter at plants across the United States, Lauer said. At the Springettsbury plant, it affects 100 regular union positions and 15 casual union positions. The plant is located at 1425 Eden Road. “We continually evaluate industry and market changes to provide…
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