Every day there’s more bad news about a company going bankrupt or having layoffs. Today the bad news was about Harley Davidson. The best motorcycles are made by Harley Davidson in Wisconsin, but people aren’t buying high dollar items likes cars and motorcycles, so the entire automotive industry is scaling back.
The Milwaukee-based motorcycle company reported its 4th-quarter profits fell almost 60 percent, so they are laying off 1,100 workers with 70 percent of the job cuts this year and the rest will be in 2010. That’s not good news for anyone – especially for serious bikers.