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Harley-Davidson it expects to report $75 million in further restructuring prices for 2020 associated to actions together with discontinuing its gross sales and manufacturing operations in India.
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Harley mentioned earlier that it deliberate to cut back its product portfolio and exit decrease quantity markets
U.S. bike maker Harley-Davidson mentioned on Thursday it expects to report $75 million in further restructuring prices for 2020 associated to actions together with discontinuing its gross sales and manufacturing operations in India.
The announcement comes two months after Harley unveiled a method to shift focus again to extra worthwhile bikes and core markets such because the United States.
Also Read: Harley-Davidson May Exit India Due To Poor Sales: Report
Harley mentioned earlier within the yr that it deliberate to cut back its product portfolio and exit decrease quantity markets, with out specifying which of them.
Also Read: Harley-Davidson Future Model Plan Could Be Shelved
The firm mentioned it now expects complete restructuring prices of about $169 million in 2020, and this may even embody a workforce discount of about 70 workers in India, a market the place its annual gross sales volumes account for lower than 5% of the corporate’s complete.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
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