July 18, 2024

Didcot Gateway

Building Cars, People First

Harley books $75 million in fresh restructuring costs, exits India operations, Auto News, ET Auto

Harley books $75 million in fresh restructuring costs, exits India operationsU.S. bike maker Harley-Davidson reported on Thursday it expects to report $75 million in further restructuring costs for 2020 connected to actions like discontinuing its sales and manufacturing functions in India.

The announcement arrives two months after Harley unveiled a method to change concentrate back to more worthwhile bikes and main markets this sort of as the United States.

Harley reported earlier in the yr that it prepared to reduce its merchandise portfolio and exit lessen volume markets, without specifying which types.

The company reported it now expects total restructuring costs of about $169 million in 2020, and this will also include a workforce reduction of about 70 employees in India, a sector where by its once-a-year sales volumes account for a lot less than five{0764260a27b4b31ca71a8adf79c3ae299a61e6f062052eee3f0df84ce9b30ade} of the firm’s total.

Comply with and join with us on Twitter, Fb, Linkedin, Youtube