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The Harley- Davidson factory in Tomahawk, Wis., that makes Harley sidecars, windshields and other bike parts and accessories. (Rick Barrett/MCT)
Harley-Davidson workers in northern Wisconsin have approved a labor contract that freezes pay and cuts about 75 jobs at their plant while saving hundreds of other jobs.
Union president Frank Garrou says almost 300 workers at the plant in Tomahawk approved the deal Monday by a margin of about 70 percent to 30 percent. Get the full story »
Harley-Davidson Motor Co. and its union leaders reached a proposed labor agreement Friday that could keep manufacturing operations and hundreds of jobs in Wisconsin.
The proposal still needs to be ratified by union workers and approved by the motorcycle company’s board. Workers are expected to vote on the contract Sept. 13. Get the full story »
Harley-Davidson Inc. says Kansas City is one of the proposed cities where the motorcycle company might relocate some production.
Company spokesman Bob Klein said Friday a number of alternate sites remain on the table. He declined to say which other sites, or how many, are being considered. Get the full story »
(Zbigniew Bzdak/Chicago Tribune)
It’s the roar that made Milwaukee famous — the distinctive throaty rumble of a Harley-Davidson motorcycle. But that much-loved racket could be rumbling away to another state if the company cannot bring down its labor costs.
Harley-Davidson warned employees in April that it will move its Wisconsin manufacturing operations elsewhere if it cannot cut millions of dollars at the factories that build the bikes known as “Milwaukee Iron.” Get the full story »
(Greg Wood/AFP/Getty Images)
By Ameet Sachdev |
Harley-Davidson Inc.’s stock rose nearly 7 percent Tuesday amid
speculation that the company could be the target of a leveraged buyout.
Harley closed at $28.35 on the New York Stock Exchange, up $1.85. More
than 18 million shares changed hands, more than six times normal. But
with a $6.6 billion market capitalization and coming off its first
quarterly loss in 16 years, Harley seems an unlikely takeover mark,
observers say.
