5,400 Harley-Davidson Workers At Idle Speed

They will have more time to devote to their families and …to read my Blog. 5,400 Harley-Davidson workers are out of work this week as the company cuts production because of poor sales. The production is halted at plants in Wisconsin, Kansas City, Mo., and York, Pa. This measure was announced in September and workers had time to prepare for a week without paycheck (but with benefits still in place). Sign of devotion to their employer, most workers are OK with the decision to idle them during one week. In October, Harley-Davidson reported its third-quarter profit fell 15.3 percent amid a continued sluggish U.S. market for motorcycles. The company expects next year to be also difficult as domestic buyers become more cautious about their spending given the rise in oil price and slumping real estate values. Harley-Davidson expects full-year shipments to be between 328,000 and 332,000 units, down from 349,196 units last year.

Zipper's

12 Responses to “5,400 Harley-Davidson Workers At Idle Speed”


  1. 1 Don Miranda Nov 27th, 2007 at 9:59 am

    It is the right decision and workers understand it. One week without paycheck is better than being jobless later because of over production. God bless Harley.

  2. 2 Nicker Nov 27th, 2007 at 10:15 pm

    Where does that put the stock holders…?

    -nicker-

  3. 3 goldiron Nov 27th, 2007 at 10:19 pm

    Buying more shares.

  4. 4 madpuppy Nov 28th, 2007 at 10:51 am

    To goldiron : Thanks I needed a good chuckle this morning ! LOL.

  5. 5 MIKE HANLON Nov 28th, 2007 at 11:16 am

    WHEN THE STRIKE STARTED, I WONDERED WHAT THE H-D EMPLOYEES WERE THINKING. IT DIDNT TAKE THINK TANK TO TELL YOU THAT IT WAS COMING TO A HEAD.

  6. 6 Tim Hanlon Nov 28th, 2007 at 7:06 pm

    One week does not seem like much given the huge percentage of loss. It will be interesting to see where this all ends up.

  7. 7 RoadKing Nov 28th, 2007 at 7:16 pm

    I am afraid that in 2008 it will be 1 month at idle speed. Hope not, but for HD it sounds bleak.

  8. 8 Pat Hanlon Nov 28th, 2007 at 9:56 pm

    When it hits HD, then we all know the bike business is in a slump. They have weathered many storms in 105 yrs and will this one too. This might be a good opportunity for them to retain a more loyal workforce and purge out the people with a “strike” mentality.

  9. 9 Nicker Nov 28th, 2007 at 11:04 pm

    RE:
    [HD shareholders] “…Buying more shares…”

    In the face of forecasts like:
    “…third-quarter profit fell 15.3 percent…”
    “…sluggish U.S. market for motorcycles….”
    “…The company expects next year to be also difficult…”

    One might suggest that additional indicators like:
    “Hugh the biker build-off king” morphing into
    the “tattoo build-off king”…….
    are less than reassuring.

    Perhaps HD is saddled with to much capacity (two new plants).

    The market jumped up 100 points this afternoon.
    Ya, there probably are some stock that deserve another look.
    Is HD one of em…?

    I hope my retirement annuity isn’t deep in HD stock.

    -nicker-

  10. 10 goldiron Nov 29th, 2007 at 12:18 am

    All projections saym that HOG will head to 73 within a year or so.

  11. 11 Nicker Nov 29th, 2007 at 10:50 pm

    RE:
    “…head to 73 within a year or so…”

    Sure would be nice.
    What’s the source of the projections…?

    -nicker-

  12. 12 injunwiz Dec 4th, 2007 at 11:09 am

    Maybe everyone is sending $1000 to the NEW Indian Company for deposits on the “priceless” bikes that might be out by next years Chistmas.

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Barnett
Affliction Holdings, LLC

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