Harley Davidson announced today that it would cut 1,100 jobs from it’s Milwaukee-based workforce.
Of the 1,100 job cuts, about 800 are hourly production workers and the balance are primarily salaried, nonproduction positions. About 70 percent of the planned layoffs are expected to occur this year.
“We obviously need to make adjustments to address the current volume [...]
Several print media businesses announced record losses in response to decreasing ad dollars. The heavyweight A.H. Belo Corp., which last week announced a companywide wage freeze, a suspension of dividend payments, and a new loan agreement that involve steeper interest payments. No matter how stable they were at the year began, all print media companies [...]
Chrysler announces a massive layoff of 5,000 of its workers or 25% of its workforce. The struggling automaker said Friday that it is forced to downsize while continuing to seek a buyer.
Under the job cuts announced Friday, Chrysler, which has a total of 18,500 white-collar workers, will eliminate about 5,000 salaried employees and contract workers [...]