Harley-Davidson Inc. look to cut 1,000 more employees…

NEW YORK (AP) - Harley-Davidson Inc. said Thursday it is cutting 1,000 more employees and lowering its motorcycle shipment guidance as quarterly earnings continued to fall due to weaker sales.

The Milwaukee-based maker of the famous heavyweight motorcycles said it plans to cut another 700 hourly and 300 salaried employees from its ranks as it copes with falling demand for its high-end bikes.

“It is obviously a very tough environment for us right now, given the continued weak consumer spending in the overall economy for discretionary purchases,” Harley-Davidson President and CEO Keith Wandell said in a
statement.

Harley, the top seller of heavyweight motorcycles, said its second-quarter income fell 91 percent to $19.8 million, or 8 cents per share. That’s down from $222.8 million, or 95 cents per share, in the same period last year.

Revenue declined 27 percent to $1.15 billion from $1.57 billion a year ago.

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